Article: Eni chief says IOCs face paradox of plenty.(Interview)

Paolo Scaroni's appointment as the new chief executive of Italy's Eni was not greeted with universal delight when it was announced in May last year--many investors felt the company would have been better off reappointing Scaroni's predecessor Vittorio Mincato or promoting an internal candidate like exploration and production chief Stefano Cao, rather than going with an outsider with no direct oil sector experience. There have not been many complaints since, however--Eni has been one of the few leading majors able to sustain volume growth this year, and has rewarded shareholders with a steep hike in its dividend. In an interview with Energy Intelligence President Tom ...

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