Erbil, the regional capital of Iraqi Kurdistan, has all the trappings of an oil boomtown. It bristles with construction cranes. Land Cruisers and Range Rovers with tinted windows ply the busy streets. Oil workers and briefcase- bearing foreigners crowd into the Divan Erbil Hotel’s piano bar.
Claudio Descalzi’s nomination as chief executive officer of Eni SpA puts a life-long oil man in charge of Italy’s largest crude producer, demonstrating Prime Minister Matteo Renzi’s preference for technocrats over political appointees to run the country’s biggest companies.
Eni SpA Chief Executive Officer Paolo Scaroni will meet Mahmoud Jibril, prime minister of the Libyan rebel council, in Milan today to discuss the country’s oil production after the rebellion to overthrow Muammar Qaddafi.
Italian Prime Minister Matteo Renzi is preparing to make top-level management nominations at companies including Eni SpA, the oil and gas producer that pays about 1.2 billion euros ($1.7 billion) in annual dividends to state entities and helps shape public policy.