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<SEC-DOCUMENT>0000891836-07-000368.txt : 20080404
<SEC-HEADER>0000891836-07-000368.hdr.sgml : 20080404
<ACCEPTANCE-DATETIME>20071218161120
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000891836-07-000368
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20071218

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENI SPA
		CENTRAL INDEX KEY:			0001002242
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		PIAZZALE ENRICO MATTEI 1
		CITY:			ROME ITALY
		STATE:			L6
		ZIP:			00144
		BUSINESS PHONE:		011390659822449

	MAIL ADDRESS:	
		STREET 1:		PIAZZALE ENRICO MATTEI 1
		CITY:			ROME ITALY
		STATE:			L6
		ZIP:			00144
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>
Response Letter
</TITLE>
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<BODY>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>18 December, 2007 </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr.&nbsp;H. Roger Schwall, <BR>
Assistant Director, <BR>
Division of Corporation Finance,<BR>
Securities and Exchange Commission, <BR>
100 F Street, N.E.,<BR>
Washington, D.C. 20549-7010 </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Re: </FONT></TD>
     <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<U>Eni SpA <BR>
Form 20-F for the Fiscal Year ended December 31, 2006 <BR>
Filed June 20, 2007 <BR>
File No. 1-14090</U>
</FONT></TD>
</TR>
</TABLE>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dear Mr. Schwall, </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thank
you for your facsimile dated December 4, 2007 setting forth comments of the Staff of the
Commission (the &#147;Staff&#148;) relating to Eni response letter dated October 22, 2007,
on the annual report on Form 20-F for the year ended December 31, 2006 filed June 20, 2007
(the &#147;2006 Form 20-F&#148;) of Eni S.p.A (&#147;Eni&#148;) (File No. 1-14090). </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
facilitate the Staff&#146;s review, we have included in this letter the caption and
comment from the Staff&#146;s comment letter in bold italicized text, and have provided
our response immediately following the comment. </FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B><I>General</I></B></U> </FONT> </P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>1.</I></B> </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               <B><I>We note that you proposed various disclosure revisions in your October 22,
          2007 response letter; and understand that you would prefer
          to limit compliance with our prior comments to future filings. Unfortunately,
          given the nature and
</I></B> </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<PAGE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-2- </FONT></P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               <B><I>extent of the revisions discussed, as
          well as the additional issues identified in this letter, an amendment appears to
          be necessary. This should reflect all proposed changes.</I></B> </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><I>&nbsp;&nbsp;&nbsp;&nbsp;<I>Response:</I></I> </FONT> </H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
proposed revisions are largely confined to additional and more detailed information in
certain areas, particularly with respect to Kashagan, but do not affect the financial
position or results of operations of Eni and do not correct any material misstatements in
the original filing. Eni believes that an amendment to the prior filing may lead investors
to attribute undue significance to that additional disclosure and may raise questions as
to the reason for the amendment outweighing any benefits arising from amending the 2006
Form 20-F. Consequently Eni continues to believe that filing an amended Form 20-F would
not be appropriate, particularly when we believe there are other acceptable solutions to
communicating those disclosures in a timely manner and in light of impending developments. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eni
expects that significant developments in the arrangements with the Kazakhi authorities
relating to Kashagan may occur before the end of 2007. Eni proposes to prepare and file in
January 2008 a Form 6-K filing (the &#147;January Form 6-K&#148;) that would include (i)
discussion of developments at Kashagan, and (ii) the additional disclosure with respect to
Kashagan requested by the Staff in its comment letters of October 22 and December 4, 2007.
We note that this disclosure would be as timely as if we were to undertake an amendment to
our 2006 Form 20-F. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to the revised disclosure other than Kashagan, Eni would undertake to include the
disclosure in both the Italian and the English version of Eni&#146;s annual report
published in accordance with Italian law which would be available to investors in mid
March 2008. Additionally, we plan to file our 2007 Form 20-F by no later than mid-May
2008, <I>i.e.</I>, a month earlier in the year than was done in the past. </FONT> </P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are grateful for the Staff&#146;s consideration of the proposal described above. </FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B><I>Operating and Financial
Review and Prospects, page 76</I></B></U> </FONT> </P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>2.</I></B> </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B><I>
We note your response to prior comment 1, indicating that you will
          disclose information about expenditures capitalized for
          the Kashagan oilfield project. We understand that as of December 31, 2006
          these costs totaled $1.9 billion, and that you have funded
          the project according to your 18.52% participating
</I></B> </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<PAGE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-3- </FONT></P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B><I>
interest. Please disclose
          these details, as well as those concerning the mechanisms
          by which you may recover your costs under the production sharing agreement
          governing this particular investment, including any cost
          overruns you may incur, as discussed in the last two paragraphs of your reply.
</I></B> </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<I>Response:</I> </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
response to the Staff&#146;s comment, we will include the additional disclosure in our
January Form 6-K, and, updated as may be necessary, in our future filings. </FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B><I>Engineering comments</I></B></U> </FONT> </P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>3.</I></B> </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               <B><I>We have reviewed your response to prior comment 10. However, we continue
          to believe that the Kashagan field is of major
          significance to you for the following reasons: </I></B></FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=10%>&nbsp;</TD>
     <TD WIDTH=90%>
<UL>
<LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>
Disclosure on your website that it is the most important discovery in the world in the
past thirty years; </I></B></FONT><BR><BR>

<LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>Eni is the single operator
of the field with a working interest of 18.52%; </I></B></FONT><BR><BR>

<LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>
It requires capital investment of $ 19 billion (100%) of which $3.5 billion is net to Eni
for just the first phase of the development to reach a production rate of 300,000 barrels
per day; </I></B></FONT><BR><BR>

<LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>
The full-field development will require many times the initial investment of $19 billion
to reach a peak rate of production of 1.5 million barrels of oil per day; </I></B></FONT><BR><BR>

<LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>
A Wall Street Journal Europe article of February 23, 2007 which stated that you said it
was Eni&#146;s most important exploration project with proven reserves of more than 13
billion barrels; </I></B></FONT><BR><BR>

<LI><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>
The fact that this one field alone represents almost 10% of all the net reserves of Eni
who in 2007 had net proved reserves of 6.3 billion barrels of oil equivalent. </I></B></FONT><BR><BR>
</UL>
</TD>
</TR>
</TABLE>
<BR>

<PAGE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-4- </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Please
revise your filing to include all the information required by Item 4D of Form 20-F for
this field of major significance to you and for the other fields you cite in your response
that appear to be at least principle fields. Please see instruction to Item 4D for
reference.</I></B> </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<I>Response:</I> </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
response to the Staff&#146;s comment, we propose to expand our discussion of Kashagan
operations in our future filings by disclosing year-end amounts of proved reserves and
movements for the year. In our January Form 6-K we propose to include the following
language updated as may be necessary: </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;.....</FONT> </P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
2006 year end proved reserves of the Kashagan field amounted to 596 Mboe. This amount was
revised upwardly in 2006 by 107 Mboe due to an extension of the proved area and project
cost revision, offset in part by the year-end price variation.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, in the Italian and English version of our 2007 Italian annual report published
in accordance with Italian law and in our 2007 Form 20-F we will disclose year-end proved
reserve data on an individual basis with respect to, in addition to Kashagan, other fields
of a magnitude comparable to that of Kashagan. </FONT></P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>4.</I></B></FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               <B><I>We have reviewed your response to prior comment 11. We believe the value
          of the gas reserves should be based on the arms-length
          price that you negotiate and receive from the LNG plant owners based on the
          local supply and demand for that gas. Please
          supplementally tell us the gas price you receive from the LNG plant owners and
          how it is derived.</I></B> </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<I>Response:</I> </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have material LNG operations in Nigeria and Australia. In each of those countries, several
gas producers including Eni have agreed to dispose of the gas for export and, to this end,
have set up joint entities to build and operate an LNG plant. Those producers are
committed to supplying the gas they produce to the LNG plant based on a set of common
terms and conditions. The price of the gas sold by each individual upstream company to the
LNG plant consortium is based on &#147;netback&#148; principles: the LNG plant&#146;s sale
price to the final buyer is reduced to take into account investment and
processing/transportation costs borne by the LNG plant owners. The LNG plant&#146;s sale
prices to the final buyers reflect the supply and demand for that gas in the buyer&#146;s
local
</FONT></P>

<PAGE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-5- </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
market. Based on these arrangements, our gas reserves committed to LNG plants are
valued on the basis of prices that reflect the arms-length prices agreed with the final
buyers in long-term supply agreements that cover the total amount of our booked reserves. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
is no single price payable to us under the arrangements with the LNG plant owners but
variable prices calculated through complex formulas that reflect the principles summarized
above. </FONT></P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>5.</I></B></FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               <B><I>We have reviewed your response to prior comment 14. Ru1e 4- 10(a) of
          Regulation S-X does not directly address political risk
          but it does require that you are reasonably certain the reserves will be
          produced. Tell us what considerations you have given to
          the recent rulings of the Kazakhstan government and their impact upon it being
          &#147;reasonably certain&#148; you will be able to recover
          the reserves you have attributed to the Kashagan field.</I></B> </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<I>Response:</I> </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
assume that your mention of &#147;recent rulings of the Kazakhstan government&#148; refers
to the enactment of amendments to the law of the Republic of Kazakhstan on
&#147;Subsurface and Subsurface Use,&#148; effective as of November 3, 2007 (the
&#147;Amendment&#148;).&nbsp; The enactment of the Amendment does not impact our
assessment that the reserves of Kashagan field are &#147;reasonably certain&#148; to be
produced as required by Rule 4-10(a) of Regulation S-X. &nbsp;Our view is based on the
fact that the provisions of the Amendment are not applicable to Eni. &nbsp;In particular,
the Government of Kazakhstan has not identified Kashagan field as being of &#147;strategic
importance,&#148;&nbsp;a necessary prerequisite for the application of the substantive
provisions of the Amendment, nor has the Government served any notice contemplated by the
Amendment to commence application of its substantive provisions. </FONT></P>

<PAGE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-6- </FONT></P>

          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>6.</I></B> </FONT></TD>
               <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
               <TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
               <B><I>We have reviewed your response to prior comment 15. It appears to us that
          the fact that you will require a material amount of
          development expenditures in addition to the $19 billion required to achieve
          300,000 barrels a day to achieve a full-field rate of
          1,500,000 barrels per day represents a known trend and uncertainty you should
          address under Item 5.D. of the Form 20-F even if you do
          not disclose the current negotiations with the Kazakh Authorities.</I></B> </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<I>Response:</I> </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
response to the Staff&#146;s comment, we plan to expand our discussion of Kashagan
operations in our January Form 6-K and in our future filings to disclose the fact that the
full field development of Kashagan will require a material amount of expenditures in
addition to the $19 billion expenditures needed to achieve a production rate of 300,000
barrels a day. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>** </FONT></P>

<PAGE>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-7- </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are available to discuss the foregoing with you at your convenience. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We acknowledge
that Eni is responsible for the adequacy and accuracy of the disclosure in its Form 20-F,
that Staff comments or changes to disclosure in response to Staff comments do not
foreclose the Commission from taking any action with respect to Eni&#146;s Form 20-F, and
that we may not assert Staff comments as a defense in any proceeding initiated by the
Commission or any person under the federal securities laws of the United States. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
you have any questions relating to this letter, please feel free to call the undersigned
at +39-06-5982-1000 or Richard Morrissey or Oderisio de Vito Piscicelli at Sullivan &amp;
Cromwell LLP at +44-207-959-8900. </FONT></P><BR>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Very truly yours, <BR><BR>

<U>/s/ MARCO MANGIAGALLI</U> </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Marco Mangiagalli<BR>
Chief Financial Officer<BR>
Eni S.p.A. </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=TOP>
     <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>cc: </FONT> </TD>
     <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Lily Dang<BR>
Jenifer Gallagher<BR>
Division of Corporation Finance<BR>
Securities and Exchange Commission<BR><BR>

James Murphy<BR>
Petroleum Engineer<BR>
Division of Corporation Finance<BR>
Securities and Exchange Commission<BR><BR>

Richard C. Morrissey<BR>
Oderisio de Vito Piscicelli<BR>
(Sullivan &amp; Cromwell LLP)
</FONT> </TD>
</TR>
</TABLE>

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