Enrico Mattei

Enrico Mattei was an Italian public administrator. After World War II, he was given the task of dismantling the Italian petroleum agency Agip, a state enterprise established by Fascist Italy. Instead, Mattei enlarged and reorganized it into the National Fuel Trust. Under his direction, ENI negotiated important oil concessions in the Middle East as well as a significant trade agreement with the Soviet Union, which helped break the oligopoly of the "Seven Sisters" that dominated the mid-20th-century oil industry. He also introduced the principle whereby the country that owned exploited oil reserves received 75% of the profits.