{"id":1625,"date":"2017-11-07T20:00:29","date_gmt":"2017-11-07T21:00:29","guid":{"rendered":"https:\/\/madaresharghi.com\/italy-may-sell-eni-stake-to-pay-off-national-debt\/"},"modified":"2017-11-07T20:00:29","modified_gmt":"2017-11-07T21:00:29","slug":"italy-may-sell-eni-stake-to-pay-off-national-debt","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/italy-may-sell-eni-stake-to-pay-off-national-debt\/","title":{"rendered":"Italy May Sell Eni Stake to Pay Off National Debt"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tItaly could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday.<br \/> \tThe price of the stake in Eni has yet to be determined and officials from Rome have declined to comment on the proposal. The Italian Treasury owns 4.34% of Eni, Oil Price reported.<br \/> \t&#8220;The idea is to get as much as possible as soon as possible, to cut the public debt causing the least possible political impact,&#8221; the source said.<br \/> \tItaly\u2019s financial goal for 2017 involved raising \u20ac3.4 billion to pay off public debt, an amount totaling 130% of the national gross domestic product. So far, Rome is far behind on that fundraising agenda. Oil and gas companies themselves have faced tough financial times in recent years, as barrel prices hover in the $55-60 range, compared to pre-2014 heights of over $100. \u00a0<br \/> \tIn 2015 and 2016, analysts and credit watchers began asking tough questions about the sustainability of the generous shareholder payouts.<br \/> \tEni became the first to reduce its dividend in 2015. BP offered a scrip dividend to its shareholders, a half-measure that offers equity instead of cash. Statoil did the same.<br \/> \tBut times have changed and the oil majors have made a lot of progress in cutting costs and improving their financial health. The results are evident.\u00a0 BP and Statoil just announced in recent days that they would end their scrip dividend program and pay cash to shareholders. BP even said it would repurchase shares equivalent to the amount it issued during its scrip program.<br \/> \tThe Italian government\u2019s cash flow problem is more chronic and less related to the health of the world\u2019s energy markets. Italy, Greece and Spain have been grappling with slow economic growth and high unemployment since the global economic recession of 2008.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Italy could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday. The price of the stake in Eni has yet to be determined and officials from Rome have declined to comment on the proposal. The Italian Treasury owns 4.34% of Eni, Oil Price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Italy May Sell Eni Stake to Pay Off National Debt - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/italy-may-sell-eni-stake-to-pay-off-national-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italy May Sell Eni Stake to Pay Off National Debt - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Italy could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday. The price of the stake in Eni has yet to be determined and officials from Rome have declined to comment on the proposal. The Italian Treasury owns 4.34% of Eni, Oil Price [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/italy-may-sell-eni-stake-to-pay-off-national-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-07T21:00:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/italy-may-sell-eni-stake-to-pay-off-national-debt\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/italy-may-sell-eni-stake-to-pay-off-national-debt\/\",\"name\":\"Italy May Sell Eni Stake to Pay Off National Debt - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-11-07T21:00:29+00:00\",\"dateModified\":\"2017-11-07T21:00:29+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/italy-may-sell-eni-stake-to-pay-off-national-debt\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1625"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=1625"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1625\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=1625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=1625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=1625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}