Rome Prosecutor Orders Seizure of ENI Refinery Equipment
November 23 2017 - 3:43AM
Dow Jones News
By Nathan Allen
ENI SpA (ENI.MI) on Wednesday said the Rome prosecutor's office
had ordered the seizure of oil-product measurement devices from
several of its Italian refineries and storage facilities.
The seizure forms part of a wider probe led by Italian
authorities into alleged tax evasion amounting to about 10 million
euros ($11.8 million).
ENI denied any wrongdoing and said it would request to continue
using the equipment in order to avoid production halts at its
refineries.
The state-controlled oil major operates five refineries in
Italy, which in 2016 produced around 21.6 million metric tons of
refined products.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
November 23, 2017 03:28 ET (08:28 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
ENI (NYSE:E)
Historical Stock Chart
From Jun 2024 to Jul 2024
ENI (NYSE:E)
Historical Stock Chart
From Jul 2023 to Jul 2024