Eni and ExxonMobil Oil Companies Under Investigation for Alleged Violations in Fuel Prices

Written by Ruth Rodrigues

Published on 19/01/2023 at 11:14

Updated on 19/01/2023 at 12:13

Fonte: Jornal Evidências

Seja o primeiro a reagir!

The AGCM of Italy Is Investigating Both Companies for Violations Related to Fuel Prices Charged in the Country. The Oil Companies Eni and ExxonMobil Would Have Discrepancies Between the Announced Prices and the Regularly Charged Prices at the Pumps.

The week began with significant turmoil in the international oil and natural gas sector. The oil companies Eni and ExxonMobil are under investigation by the Italian Competition Authority (AGCM) regarding possible violations of fuel prices in the country. Eni is cooperating fully with the operation, while ExxonMobil has not yet commented on the case. Other companies may also be under scrutiny by the authority regarding the local oil and gas market.

AGCM Conducts Investigation Operation on Announced and Charged Fuel Prices by Oil Companies Eni and ExxonMobil

Amid a highly unstable scenario regarding supply and demand for fuel products, Eni and ExxonMobil have become embroiled in a new controversy.

This involves an investigation conducted by the AGCM of Italy into alleged violations of fuel prices in the country’s commerce.

ARTICLE CONTINUES BELOW

Eni Collaborates with AGCM for Investigations, While ExxonMobil Has Not Yet Commented on Allegations of Price Violations

A spokesperson for Eni said that the company is cooperating with the authority, acted correctly, and “has already taken all contractual or operational measures against any improper behavior.”

The company is doing its utmost to recover amid the investigations of fuel pricing fraud but is ready to cooperate.

Meanwhile, ExxonMobil and other companies in the oil and gas sector have not yet commented on the AGCM’s accusations.

Eni recently announced a significant new gas discovery at the Nargis-1 exploration well, located in the Nargis Offshore Area, in the Eastern Mediterranean Sea, off the coast of Egypt.

The drilling of the well took place in 309 meters of water by the drilling rig Stena Forth, and the company found about 60 meters of gas-bearing sandstone from the Miocene and Oligocene periods.

Eni holds 45% of the total asset and intends to leverage the new discovery over the coming months.

Therefore, it aims not to get involved in tax issues with the Italian AGCM, collaborating with the entire current process.

Meet the Investigated Oil Companies

Eni is a global energy company, active at all stages of the value chain: from natural gas and oil to cogenerated electricity and renewables, including traditional and biochemical refining and chemicals.

ExxonMobil, one of the world’s largest publicly traded energy providers and chemical manufacturers, develops and applies cutting-edge technologies to help safely and responsibly meet the growing global demand for energy and high-quality chemicals.

Eni and ExxonMobil Oil Companies Under Investigation for Alleged Violations in Fuel Prices

The AGCM of Italy Is Investigating Both Companies for Violations Related to Fuel Prices Charged in the Country. The Oil Companies Eni and ExxonMobil Would Have Discrepancies Between the Announced Prices and the Regularly Charged Prices at the Pumps.

AGCM Conducts Investigation Operation on Announced and Charged Fuel Prices by Oil Companies Eni and ExxonMobil

Eni Collaborates with AGCM for Investigations, While ExxonMobil Has Not Yet Commented on Allegations of Price Violations

Meet the Investigated Oil Companies

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

Lufthansa shuts down subsidiary CityLine immediately, cuts 2,200 jobs overnight, and leaves 27 jets grounded amid strikes and rising jet fuel prices.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

With 250 meters and 55 floors, the Mohammed VI Tower becomes a new icon of Rabat, housing Waldorf Astoria and an observation deck, investing in solar energy, and already dividing UNESCO’s opinions on the historical landscape.

The government accelerates the project to eliminate the 6×1 shift and reduce the workweek from 44 to 40 hours without cutting salaries, but the risk of inflation and informality is taken into account.

China tightens regulations on drones with real-name registration and real-time tracking, nearly banning flights in Beijing and putting its own industry under pressure.

Eni and ExxonMobil Oil Companies Under Investigation for Alleged Violations in Fuel Prices

The AGCM of Italy Is Investigating Both Companies for Violations Related to Fuel Prices Charged in the Country. The Oil Companies Eni and ExxonMobil Would Have Discrepancies Between the Announced Prices and the Regularly Charged Prices at the Pumps.

AGCM Conducts Investigation Operation on Announced and Charged Fuel Prices by Oil Companies Eni and ExxonMobil

Eni Collaborates with AGCM for Investigations, While ExxonMobil Has Not Yet Commented on Allegations of Price Violations

Meet the Investigated Oil Companies

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

Lufthansa shuts down subsidiary CityLine immediately, cuts 2,200 jobs overnight, and leaves 27 jets grounded amid strikes and rising jet fuel prices.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

The government accelerates the project to eliminate the 6×1 shift and reduce the workweek from 44 to 40 hours without cutting salaries, but the risk of inflation and informality is taken into account.

Goodbye, Brazil: Brazilians claim to be ‘oppressed’ and head to Paraguay in search of a ‘right-wing dream’ with 10% taxes, energy up to 2.8 times cheaper, and 23,500 residency applications in 2025.

Italy is suffering from a labor shortage and is desperately seeking people with 500,000 job openings by 2028, creating an exclusive visa outside of quotas for descendant Brazilians, accelerating hiring with 164,000 already in 2026, and paving the way for immediate legal work in the country.

Lufthansa shuts down subsidiary CityLine immediately, cuts 2,200 jobs overnight, and leaves 27 jets grounded amid strikes and rising jet fuel prices.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

With 250 meters and 55 floors, the Mohammed VI Tower becomes a new icon of Rabat, housing Waldorf Astoria and an observation deck, investing in solar energy, and already dividing UNESCO’s opinions on the historical landscape.

The government accelerates the project to eliminate the 6×1 shift and reduce the workweek from 44 to 40 hours without cutting salaries, but the risk of inflation and informality is taken into account.

China tightens regulations on drones with real-name registration and real-time tracking, nearly banning flights in Beijing and putting its own industry under pressure.