Financial Times FT.com

It is their oil – western energy groups yield to state producers

By Carola Hoyos

Published: July 9 2008 19:42 | Last updated: July 9 2008 19:42

Paolo Scaroni swivels round on the cream-coloured recliner towards his two fellow passengers on the Falcon 900 flying over the west coast of Sicily and says: “Now I will give you a short history lesson, if you don’t mind.” The chief executive of Eni, the Italian oil company, begins to summarise a century of Italy’s often fraught relationship with Libya.

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