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Eni divisions engage in the exploration, production, transportation, refining, and retailing of oil and natural gas.
It attributed the good showing to high energy prices and record results in its United States refining and retailing partnerships.
Foreign companies are now mostly limited to joint ventures in refining and retailing, and are barred from the ownership or production of most mineral resources.
The commission should also prevent companies with considerable shares of the domestic market, such as ExxonMobil, from buying the bulk of Texaco's refining and retailing assets.
"The court recognized the absurdity of fining companies for failing to use a nonexistent biofuel," said Bob Greco, director of the institute's group that focuses on refining and retailing.
The state appealed to the federal government, which said it would stump up some cash.Defying orthodoxy, Phillips Petroleum, an American oil company, bought Tosco, a refining and retailing business, with shares worth around $7.5 billion.
Similar(49)
The executives said they were still discussing regulatory issues related to their refining and retail operations.
Shell appears to be trying to strengthen its position in refining and retail sales of petroleum products.
The major oil companies like Exxon Mobil and BP Amoco have been gradually moving out of refining and retail marketing over the last few years, focusing instead on exploration and production.
Their local targets are smaller companies and the most likely target, after Poland, is the state-owned Czech refining and retail conglomerate, Unipetrol.
Its best assets are its American refining and retail operations, which are tied up in a joint venture with Royal Dutch/Shell and Saudi Aramco.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com