February 2001

Misc

International

Flo P. Stephens, Editor, Departments/International       Comments? Write: editorial@HydrocarbonProcessing.com Italy'..

Flo P. Stephens, Editor, Departments/International       Comments? Write: editorial@HydrocarbonProcessing.com Italy's state-run energy conglomerate ENI has outbid a rival suitor for Lasmo, offering $3.97 billion in cash for the British oil-production company. Analysts said the deal would enable ENI to increase production, become a major participant in the liberalized European gas market and expand its power generation capabilities. The arrangement will also allow ENI to establish a foothold in the high-potential Asia

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