AGIP

AGIP

AGIP is an Italian automotive gasoline and diesel retailer. It is totally owned by Eni S.p.A since 2003 but is still operating with the AGIP brand. It has presence in 70 countries and has 73.000 employees. The businesses the company develops are: search for and production of Hydrocarbons, the supply, transport, distribution and marketing of natural gas, production and sale of electricity, refining and marketing of petroleum products as well as oilfield services, construction, engineering and petrochemical.

Company History

The Italian Kingdom Government founds AGIP in 1926. One of the signals with which the company is identified is its symbol or logo: a six legged dog that throws fire from his mouth. Although at the beginning the company is just a subsidiary of Eni in 2003 the company acquires AGIP and merges it into itself to create the Refining and Marketing Division (R&M). This entity, however, still operates with the AGIP brand. It is, nowadays, one of the biggest companies in its industry with more than 70.000 employees.

Political and Public Influence

Lobbying

American AGIP Co expended $51.250 dollars on lobbying in 2007.

Corporate Accountability

The company makes no reference to any corporate governance structure or social program on its webpage. In addition AGIP has been involved in several controversies.

Labor, Public Health and Environment

27 May 2005: “Oil piracy and gas dragons”

This article is about an evaluation that a group of South African environmental activists make to the Nigerian situation on the oil zones. According to the article although the arrival of the big oil companies is waited with hope and optimism, they just leaves dead animals on the lakes the zone has, terrible drinking water and an amazing polluted air. In addition and according to several interviews that these activists make to the inhabitants of the zone, these multinationals oil companies have joint-venture agreements with the Nigerian government that enable them to pay lower salaries and, in the practice, do whatever they want to do with their workers.

10 April 2005: “IFC oil field in Kazakhstan flouts disclosure, safeguards policies”

This article denounces the serious environmental problems in which some emissions from the Karachaganack oil and gas field have resulted. According to the article this field is situated in the west of the Republic of Kazakhstan very close from the Russian border and is operated by “Karachagnak petroleum Operating” a consortium from British Gas, AGIP, Chevron Texaco and Russian Oil company LUKoil. Since this field becomes active the health of the inhabitants of the zone (5 kilometers far away zones included) has declined precipitously.

March 2005: “Ecuador: ¿Derechos petroleros o derechos humanos?"

This article, again, denounces the very serious environmental problems that the oil companies (AGIP included) have brought, in this case, to Ecuador and its native population. According to the article these companies have destroyed the jungles looking for petroleum and have polluted the rivers and lakes, killing them. In many cases, in addition, these territories are property of the native population.

October 2003: “Review of project Environmental Impact Assessment”

This article makes reference to a study of the environmental, labor and human rights issues for the Turkish section of the Baku-Tbilisi-Ceyhan pipeline. According to the article, this study finds more than 170 violations of international standards (including the World Bank´s own lending policies). This oil zone is managed by a consortium (in which AGIP is included).

Human Rights

9 November 2004: “Nigeria: Are human rights in the pipeline?”

This is a report published by International Amnesty that exposes the arbitraries actions and abuses that the multinational oil companies have committed against the human rights of the individuals and communities as a result of practices and inactions of the Nigerian government. The report includes three cases related to non-inclusive consultation processes and the failure to clean up oil spills.

Business Scope

Financial Information

Results for the third quarter and the first nine months of 2008:

Adjusted net profit: up 52.7% to €2.89 billion for the third quarter and up 21.6% to €8.26 billion for the first nine months of 2008.

Net profit: up 37.0% to €2.94 billion for the third quarter and up 38.5% to €9.70 billion for the first nine months of 2008.

Cash flow: up 70.3% to €5.73 billion for the third quarter (up 20.2% to €15.68 billion for the first nine months of 2008).

Oil and natural gas production for the third quarter: up 6.3% to 1.76 million barrels per day; up 10% excluding the PSA impact (up 3.9% for the first nine months of 2008; up 8% excluding the PSA impact).

Natural gas sales for the third quarter: down 0.8% to 20.17 billion cubic meters (up 5.8% for the first nine months of 2008).

Governance

Board of directors:

- Chairman: Roberto Poli

- Chief Executive Officer: Paolo Scaroni

- Directors: Alberto Clo, Paolo A. Colombo, Paolo Marchioni, Marco Reboa, Mario Resca, Pierluigi Scibetta, Franseco Taranto.

Further information as well as a short biography of each of the members of the board of directors is available on the webpage of the company (www.agip.it).

General managers:

- Chief Operating Officer, Exploration and Production Division: Claudio Descalzi

- Chief Operation Officer, Gas and Power Division: Domenico Dispenza

- Chief Operation Officer, Refining and Marketing Division: Angelo Caridi

Further information and a short biography of the general directors are available on the webpage of the company (www.agip.it).

Contact Information

The company doesn´t publish any address or phone to contact them. However a message can be send on the following webpage:

http://www.agip.eni.it/agip/email.do?mncommand=home&lang=en&sessionId=13156679

Articles and Resources

Related SourceWatch Articles

• Guglielmo Antonio Claudio Moscato - former ceo

External Articles

http://www.business-humanrights.org/Categories/Individualcompanies/A/AGIPpartofENI?&&&&batch_start=1

www.agip.it

http://www.agip.eni.it/agip/internal.do?mnselected=agip_il_nostro_marchio&channelId=-1073757114&menu=false&mncommand=openById&mnparam=agip_il_nostro_marchio&lang=en&sessionId=13156679

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