Eni’s development strategy until 2050
Abstract
Oil companies in the world are gradually converting into energy ones and focusing on green development. This article presents Eni’s development strategy until 2050 and its action plan for 2020 – 2023, targeting to become a “zero carbon” company by 2050. For that purpose, several objectives and an action plan have been established, namely: (i) focus on gas production in the fossil energy sector; (ii) limitation on the number of conventional refineries and optimisation to enhance their efficiencies; (iii) gradual conversion of conventional refineries into bio-refineries; (iv) focus on production of specialised products and waste recycling; and (v) diversification and expansion of product chains, and promotion of the service sector. This is a good reference for PVN to prepare its development strategy in a context of fast changes in the global energy industry.
References
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[3] Eni, “Long-term strategic plan to 2050 and action plan 2020 - 2023”, 28/2/2020. [Online]. Available: https://www.eni.com/assets/documents/press-release/migrated/2020-en/02/pr-long-term-strategic-plan-to-2050-and-action-plan-2020-2023.pdf.
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