• Short Summary

    TWISTED AND MELTED METAL WAS ALL THAT REMAINED ON SUNDAY MORNING OF ITALIAN 'OIL KING' ENRICO MATTEI'S PRIVATE TWIN-JET PLANE.

  • Description

    TWISTED AND MELTED METAL WAS ALL THAT REMAINED ON SUNDAY MORNING OF ITALIAN 'OIL KING' ENRICO MATTEI'S PRIVATE TWIN-JET PLANE. SEARCHERS WERE SIFTING THE DEBRIS OF SATURDAY NIGHT'S CRASH - 20 MILES SOUTH OF MILAN - THAT KILLED SIGNOR MATTEI, MR WILLIAM MCHALE, AN AMERICAN JOURNALIST; AND THE PILOT.

    CROWDS OF MOURNING RELATIVES AND FRIENDS GATHERED AT A CHURCH NEAR MILAN TODAY (MONDAY) AS COFFINS CONTAINING THE THREE VICTIMS WERE CARRIED INSIDE FOR A REQUIEM MASS. THE FUNERAL WAS TO BE HELD IN ROME THE NEXT DAY.

    THE DEATH OF SIGNOR MATTEI, PRESIDENT OF THE STATE-OWNED OIL CORPORATION ENI, CAUSED THE START OF A GOVERNMENT INVESTIGATION ON SUNDAY. THE REASON FOR THE INVESTIGATION WAS BECAUSE SIGNOR MATTEI RECENTLY HAD TO CANCEL A FLIGHT IN THE PLANE WHICH CRASHED ON SATURDAY AS SECRET ARMY ORGANISATION (OAS) SABOTEURS, WHOSE ENMITY HE HAD INCURRED, HAD TAMPERED WITH ONE OF ITS ENGINES. AN ADJUSTABLE SPANNER WAS FOUND IN AN AIR DUCT.

    SIGNOR MATTEI, 56, ROSE FROM OBSCURITY TO BECOME ONE OF THE MOST POWERFUL FINANCIAL FIGURES ON THE CONTINENT. AS PRESIDENT OF E.N.I. HE CONTROLLED CAPITAL ESTIMATED AT 575 MILLION. OIL, FERTILISER, METHANE GAS, SYNTHETIC RUBBER, SULPHUR, PLASTICS AND ASPHALT ARE AMONG THE COMMODITIES DEALT IN BY ENI.

    BY EMPLOYING THE COMPETITIVE METHODS OF PRIVATE ENTERPRISE, SIGNOR MATTEI SUCCESSFULLY CHALLENGED THE WORLD'S GREAT OIL COMBINES. HE IMPORTED CRUDE OIL FROM RUSSIA AND ALSO NEGOTIATED MORE PROFITABLE TERMS WITH PERSIA THAN THOSE OFFERED BY THE COMBINES.

    (GUESSWORK WAS SAID TO HAVE ALREADY STARTED ABOUT HIS SUCCESSOR AS HEAD OF ENI. AMONG THE SUCCESSOR'S PROBLEMS WILL BE THE AGREEMENTS MADE WITH RUSSIA TO BUY HER OIL AND TO SUPPLY THE MATERIALS TO RUSSIA FOR THE CONSTRUCTION OF A PIPELINE THROUGH WHICH THE CHEAP RUSSIAN OIL IS TO INVADE THE WESTERN MARKETS.)

  • Tags

  • Data

    Film ID:
    VLVACQEK0GKB76Z3FCXXUPUPE59EB
    Media URN:
    VLVACQEK0GKB76Z3FCXXUPUPE59EB
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    29/10/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:25:00
    Time in/Out:
    /
    Canister:
    N/A

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