Eni's Strategy In Libya Raises Eyebrows

Italian energy company Eni revealed that, in 2011, it received a subpoena from the U.S. government regarding its operations in Libya from 2008 to 2011. The subpoena, Eni said, was related to alleged illegal payments made to Libyan officials. Eni generated 15 percent of its revenue from operations in Libya before last year's war but suffered a financial loss because of the conflict. In a statement, the company said it expected its business to return to normal this year. With a corruption charge on the books and a former Eni consultant in the Cabinet,…

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