BUSINESS ABROAD: State v. Private Capital

The boss of Italy's powerful Ente Nazionale Idrocarburi, the Italian state oil and gas authority, is a slim, eagle-beaked man of 48 named Enrico Mattei. To some Italians he is the greatest man in all Italy. To others, and particularly to U.S. businessmen trying to do business in Italy, Enrico Mattei is the biggest and clearest symbol of what is wrong with Italy's economy. Last week, in the Italian press, both sides were shouting bitter arguments at each other.

As head of E.N.I., Oilman Mattei is an implacable foe of any foreign-capital...

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