Italy’s Eni to invest EUR21 billion in people, tech in four years

Italy’s Eni to invest EUR21 billion in people, tech in four years

Italian oil giant, Eni said it will invest about EUR21 billion in people transformation through technology and skill development in its home country, Italy.

Eni’s Chief Executive, Claudio Descalzi made the commitment at Eni’s laboratories in Bolgiano with students, teachers and lecturers currently involved in Eni’s training activities in Italian high schools and universities: school-work alternation, first-level apprenticeships, degrees and Master’s degrees in the energy sector.

Claudio said the commitment will be backed with EUR21 billion planned for the next four years, in a drive to transform all of its business sectors, from upstream to refining and chemicals, from power generation to remediation.

The investment will be focused on existing assets new, low carbon life, increasing energy efficiency and investing in technologies and skills without cutting employment, a strategy which runs contrary to what has previously happened in the sector, where many projects have been stopped and workforces reduced.

Eni is present in Africa and Nigeria with major investment in Agip, its local unit in Nigeria’s Niger Delta region. Eni is also planning a crude refinery plant in Nigeria’s Niger Delta region.