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Reappraising State-Owned Enterprise by Pier Angelo Toninelli, Robert Millward, Franco Amatori

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9

Capabilities, Entrepreneurship, and Political Direction in the Italian National Oil Company

AGIP/ENI (1926–1971)

Daniele Pozzi

State-owned enterprise (SOE) was one of the most important instruments of oil policy in the European industrialized countries from the 1920s onward, and in the 1970s, national oil companies were protagonists in the shift of power from consuming to producing countries. Even the more recent evolution of the oil industry, the rise of new giant-consumer countries in Asia, saw SOE as a crucial player in the new scenarios.1 The oil industry is a complex sector that requires a high level of technical and managerial capabilities. Business strategies should consider technological changes, the evolution of producing and consuming ...

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