Eni S.p.A. (MIL:ENI) scaled Italy’s jet‑fuel output by 10% using imports, supplying about half the country’s needs, while expanding upstream in Malaysia by taking operatorship of Searah and five PSCs, and entering a 30% JV, Faenix, to commercialize Italian batteries in Europe.
Previous Week Recap
- ENI Boosts Italy Jet Fuel Output: ENI boosted Italy jet fuel output 10% in Jan–Apr by importing semi-finished products; ENI made about half of Italy’s jet fuel supply capacity in that period.
- ENI Takes Operatorship Of Searah Malaysia: ENI (Sponsored ADR) took operatorship of Searah (Malaysia) Sdn. Bhd., launching upstream oil and gas ops July 1 and assuming control of five major production-sharing contracts in Malaysia.
- ENI Joins Faenix European Energy Storage: ENI joins Seri Industrial in a JV, Faenix — European Energy Storage; ENI holds 30%. JV will commercialize Italian-made batteries for the European market.
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