We are the leader operator in refining and marketing of petroleum products in Italy. We hold interests in some refining poles in Europe and we are engaged in retail and wholesales activities in Central-Eastern European countries. Retail sales operations are conducted under the “eni” and “agip” brands. The re-branding of Eni’s service stations in Italy and in the rest of Europe to “eni” brand is underway.
Integration of our refining, supply, trading, logistics and marketing operations as well as our technological know-how and a well-known brand, provide us with a competitive advantage on which Eni can leverage to maximize economies of scale and operation effectiveness and to better face an extremely challenging scenario.
In the medium term we intend to improve our profitability and to target a positive free cash flow leveraging on efficiency actions.

Our strategic guidelines are:

- Optimize plant configuration in order to best adapt to a volatile scenario
- Revise our presence outside Italy, by focusing on core areas and possibly divesting marginal ones
- Tightly select capital projects

In the next four-year period, we plan to invest about €2.9 billion mainly devoted to upgrade Eni’s best refineries, particularly by completing and starting-up the EST (Eni Slurry Technology) project, and to complete the upgrading and rebranding of our retail network.