Overview

Russia
In detail:
  • the main activities in the Upstream sector conducted by Eni in Russia
  • activities in the Gas & LNG Marketing and Power sector: Eni has a 50% stake in the Blue Stream undersea gas pipeline that connects Russia with Turkey across the Black Sea
  • the retail and wholesale marketing of petroleum products in the R&M sector
  • Eni offices and contacts in Russia
  • a direct link to the site dedicated to Russia

Exploration & Production

Eni has been present in Russia since 2007, over a developed and undeveloped acreage of 53,930 square kilometers (17,975 square kilometers net to Eni).

Approximately 18 % of Eni’s crude oil is supplied by Russia.

 

SANCTION TARGETS

In response to the Russia-Ukraine crisis, the European Union and the United States have enacted sanctions targeting, inter alia, the financial and energy sectors in Russia by restricting the supply of certain oil and gas items and services to Russia and certain forms of financing. Eni has adapted its activities to the applicable sanctions and will adapt its business to any further restrictive measures that could be adopted by the

relevant authorities. Recently, the US Government has tightened the sanction regime against Russia by enacting the “Countering America’s Adversaries Through Sanctions Act”. In response to these new measures, the Company could possibly refrain from

pursuing business opportunities in Russia, while currently the Company is not engaged in any upstream projects in Russia.

Gas & LNG Marketing and Power

In 2018 the supply of natural gas of the Russian Federation to Eni were 26.24 billion cubic meters (28.09 billion in 2017), which represents 35.4% of the total.

Eni holds a 50% interest in the Blue Stream underwater pipeline (with a record water depth of more than 2,150 meters) linking the Russian coast to the Turkish coast of the Black Sea. This pipeline is 774-kilometer long on two lines and has transport capacity of 16 bcm/y. It is part of a joint venture to sell gas produced in Russia on the Turkish market. These assets generate a steady operating profit thanks to the sale of transport rights on a long-term basis.

Refining & Marketing

Eni operates in Russia in the retail market (oil and non-oil) and in the wholesale (lubricants) through its subsidiary Eni Nefto, with an organizational structure that has 28 people in 2018.

The company has a service station in Moscow that is managed directly and employs about 20 workers. The station is located on the main route that connects Sheremetyevo Airport to the city center on a long-term concession by the City; the service station has a high paid oil and has a large shop, a bar and a wash.

The station, opened in 1991, was the first foreign brand operated in the former Soviet Union.

The retail activity is accompanied by the sale of Eni’s branded lubricants in the Russian wholesale market. Total sales in 2018 amounted to approximately 13 ktonnes, of which 83% were achieved in the retail business.

Offices & contacts

Eni Mosca - Ufficio di Rappresentanza 
Bolshoy Levshinsky pereulok 10, bld.1 
119034 Mosca 
Tel. +7 (495) 916 5353/55 
Fax +7 (495) 916 5350/51 

Exploration&Production 
LLC “Eni Energhia” 
Bolshoy Levshinskiy pereulok 10/1 
119034 Mosca 
Tel +7 (495) 916 5314 
Fax +7 (495) 916 5317 

Gas&Power 
Blue Stream Pipeline Co BV 
c/o Eni International BV 
Strawinskylaan 845 
Amsterdam, 1077 XX 
Netherlands 
Phone: 31 20 570 7133 
Fax: 31 20 570 7182 

Refining & Marketing 
Eni Nefto 
Leningradskoje Shosse, 63 
125455 Mosca 
Tel. +7 (495) 234 1921 
Fax +7 (499) 457 2694

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