Eni (E) announced on Monday that the business branch of its refining evolution and transformation unit has been transferred to the new company Eni Industrial Evolution, effective January 1.
The company will manage refineries and depots in Europe and the Middle East, the company said.
Refinery production, as well as the reception, handling, storage, and delivery of products in refineries and depots, will be ensured through contracts between Eni and Eni Industrial Evolution, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.