Claudio Descalzi Explained

Claudio Descalzi
Birth Place:Milan, Italy
Education:University of Milan
Occupation:Businessman
CEO, Eni

Claudio Descalzi (born 1955) is an Italian businessman, and the CEO of Italian oil company Eni since May 2014.[1]

Education

Descalzi graduated in physics at the University of Milan in 1979.[2]

Career

Descalzi started to work at Eni in 1981,[3] when he joined the multinational company operating in the production and distribution of energy as a reservoir engineer, then he became Project Manager for the activities in North Sea, Libya, Nigeria and Congo.

In 1990, Descalzi was appointed Head of Reservoir and operating activities for Eni Italy, a position which led him to develop a new model and to increase production to 250,000 barrels per day. From 1994 to 1998 He was Managing Director of Eni’s subsidiary in Congo, starting in 1997 the production in the Kitina offshore.[4] In 1998 he became Vice President and Managing Director of NAOC: during this period He started the export of gas produced at the NLNG liquefaction plant and the development of deep-water offshore local projects.[5]

Descalzi was appointed Executive Vice President for Eni Africa, Eni Middle East and Eni China in 2000 and he defined, launched and oversaw the start-up of the Eni Western Libyan,[6] intended to increase the production of barrels per day in Libya from 85,000 to 280,000. From 2002 to 2005 he worked as Executive Vice President for Eni Italy, Eni Africa and Eni Middle East, covering at the same time the role of member of the board of several Eni subsidiaries. In 2005 he was appointed Deputy Chief Operating Officer of the Exploration & Production Division in Eni,[7] a role he held until 2008.

Descalzi became in 2008 Chief Operating Officer of the Exploration & Production Division in Eni, giving his contribution to the definition of the strategic plan of upstream activities in Italy and abroad and starting important projects such as Goliat in Norway (2009),[8] West Hub in Angola (2011)[9] and campaign of exploration in Mozambique (2013).[10] In 2014 he was appointed Chief Executive Officer of Eni.[1]

During his first mandate (2014-2017), Eni's financial statements reported net profits of 3.37 billion euros for the year 2017.[11] In 2016, he launched Progetto Italia, a program aimed at producing zero-emission energy.[12] Under his leadership, Eni opened two photovoltaic plants in Assemini[13] and Porto Torres,[14] both located in Sardinia, the former in August 2018 and the latter in February 2020.

On March 18, 2017, Descalzi was confirmed as the managing director for a second term.[15] In May of the same year, he announced the allocation of 21 billion euros in Italy for the next four years, with the objective of relaunching various sectors of the company.[16] Since May 2018, Eni has been participating in the magnetic confinement fusion project of MIT and CFS.[17] In September of the same year, Descalzi inaugurated the Gela biorefinery, an innovative plant designed for the production of biofuels.[18] In November, Eni opened its first solar power plant in Pakistan.[19]

On April 20, 2020, Descalzi was confirmed in his position for the third consecutive time.[20] On February 19, 2021, he announced Eni's commitment to achieving the decarbonization of all Company's products and processes by 2050.[21]

In September 2022, Descalzi met with Saudi Arabia’s Minister of Investment Khalid A. Al-Falih and signed an agreement aimed at promoting cooperation between Eni and Saudi Arabia.[22]

On April 12, 2023, Descalzi was confirmed by the Meloni government as head of Eni for the fourth consecutive term, a record in the history of the six-legged dog company.[23]

Other activities

Corruption charges

Descalzi and other Eni executive leadership have faced legal charges for corruption involving $1.1 billion,[27] [28] based on the company's operations in Nigeria[29] [30] [31] and the Republic of the Congo.[32]

In December 2016, Milan prosecutor's office closed the Eni / Nigeria investigation of international corruption by putting under investigation eleven suspects, including the CEO of Eni, Claudio Descalzi. On March 17, 2021, the Milan Court acquitted all the defendants involved in the investigation as there was no case to answer. [33] Nigerian government stated that it is "disappointed" by the Milan court's ruling and "will continue to hold those responsible for the OPL 245 fraud accountable."[34] On July 19, 2022, the Attorney General waived the appeal before the Second Section of the Court of Appeal of Milan, making the acquittal sentences pronounced in March 2021 definitive.[35]

For the Eni / Congo case, on February 8, 2023, the Milan Public Prosecutor's Office requested the dismissal of the proceeding.[36]

Honours

External links

Notes and References

  1. Web site: Eni names Claudio Descalzi new CEO. 12 May 2014. 20 February 2018.
  2. Web site: Eni names Claudio Descalzi new CEO. Offshore Energy Today. 12 May 2014. August 10, 2019.
  3. Web site: Stocks. Bloomberg.com. 20 February 2018.
  4. Web site: Eni's activities in the Republic of Congo - Eni. www.eni.com. 20 February 2018.
  5. Web site: Company Profile - Naoc. www.eni.com. 20 February 2018.
  6. Web site: Western Libya Gas Project (WLGP) - Oil4All. wiki.openoil.net. 20 February 2018. https://web.archive.org/web/20180221100544/http://wiki.openoil.net/Western_Libya_Gas_Project_(WLGP). 21 February 2018. dead.
  7. Web site: Upstream - Eni. www.eni.com. 20 February 2018. 2 February 2017. https://web.archive.org/web/20170202012432/https://www.eni.com/en_IT/operations/exploration-and-production.page. dead.
  8. Web site: Eni's Goliat starts production in Norway's Arctic. 14 March 2016. 20 February 2018. https://web.archive.org/web/20180221162209/https://fuelfix.com/blog/2016/03/14/enis-goliat-starts-production-in-norways-arctic/. 21 February 2018. dead.
  9. Web site: West Hub Development Project - Offshore Technology. 20 February 2018.
  10. Web site: Eni lines up next appraisal campaign offshore Mozambique. www.offshore-mag.com. 20 February 2018.
  11. Web site: Eni Annual Report 2017.
  12. Web site: Eni Takes the Lead in Industrial Supercomputing. 24 January 2018. HPCwire.
  13. Web site: Eni builds photovoltaic plant at salt-production site in southern Italy. 5 July 2018.
  14. Web site: Eni Starts Production at Photovoltaic Plant in Porto Torres. 26 May 2020. 15 August 2020. https://web.archive.org/web/20200815193550/https://steelguru.com/power/eni-starts-production-at-photovoltaic-plant-in-porto-torres/556154. dead.
  15. Web site: Italy proposes Profumo as new Leonardo CEO, confirms Eni, Enel chiefs. www.reuters.com.
  16. Web site: Eni with Italy: 21 billion euros of planned investment over the next four years. www.eni.com.
  17. Web site: A new era in fusion research at MIT. News.mit.
  18. Web site: Eni inaugurates its 750,000 tonnes Gela bio-refinery in Europe.
  19. Web site: Eni completes solar plant in Pakistan.
  20. Web site: Descalzi confirmed as Eni CEO, Calvosa named president.
  21. Web site: Italy's Eni vows to become carbon neutral by 2050 in latest green push.
  22. News: Saudi Arabia signs sustainable growth agreement with Eni . Zawya . 5 September 2022.
  23. Web site: Nomine, Cattaneo ad e Scaroni presidente Enel. Cingolani a Leonardo. Confermati Descalzi (Eni) e Del Fante (Poste).
  24. https://www.cfr.org/global-board-advisors Global Board of Advisors
  25. Web site: National Petroleum Council Membership by Name. www.npc.org. 20 February 2018.
  26. https://www.atlanticcouncil.org/about/international-advisory-board/ International Advisory Board
  27. News: Nigeria will lose $6 billion in ‘corrupt’ oil deal with Shell and Eni, report claims . CNBC . 27 November 2018.
  28. News: Nigeria to Continue $3.5 Billion Claim Against Eni And Shell . Bloomberg . 19 July 2022.
  29. Web site: Brambilla. Alberto. July 21, 2020. Eni CEO Should Get 8 Years Jail on Bribe Charge, Prosecutor Says. 2020-09-15. www.bloomberg.com.
  30. News: 2020-07-30. Shell writes down Nigerian licence at heart of Italian bribery trial. en. Reuters. 2020-09-15.
  31. Web site: I sospetti di fake news per proteggere Descalzi - La Stampa. February 7, 2018. lastampa.it. August 10, 2019.
  32. News: Parodi . Emilio . 28 September 2019 . Italy investigates wife of Eni's CEO in Congo graft probe: document . Reuters . Milan, Italy . 11 October 2020.
  33. Web site: Italian court acquits Shell, Eni in Nigeria corruption case. dw.com.
  34. News: Nigeria 'disappointed' as Shell, Eni acquitted in corruption case . Africanews . 17 March 2021.
  35. Web site: Italy prosecutors drop $1.3 billion Eni Nigeria graft appeal. nasdaq.com.
  36. Web site: Italian prosecutors drop Congo case against Eni CEO. Uk.finance.yahoo.com.
  37. Web site: About Energy | Authors. www.aboutenergy.com. August 10, 2019.
  38. Web site: CEO Descalzi dedicates Man of the Year award to Eni. Agi. August 10, 2019.
  39. Web site: A Descalzi laurea honoris causa in ingegneria per l'ambiente. Adnkronos. August 10, 2019.

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