The italian ip was originally a member of the eni group (formerly the italian petroleum corporation). Founded in 1926, the eni group is one of the world's seventh largest oil group companies and one of the world's largest integrated multinational oil companies, upstream and downstream, ranking eighth among the world's largest oil refineries. State-owned enterprises were converted into joint-stock companies in 1992. In 2009, the united states magazine fortune ranked 17th among the top 500 companies in the world. Today, there are more than 70 branches worldwide, employing more than 70,000 people. It is the world's more prominent integrated upstream and downstream multinational oil companies. In 1992, eni was placed on the market by the conversion of the state enterprise into a joint-stock company. The company operates in the areas of oil and gas exploration and exploitation, petroleum refining and oil marketing, production and sale of petrochemical products and engineering contracting and services in oil fields. The aini group has more than 300 companies, including pi oil, with 86,000 employees and about 1,000 headquarters agencies. The company has six functional administrations and 13 specialized companies, which are responsible for the production, sale, supply and construction of oil and gas and operate independently. The company's total assets amounted to $60,846 million in 1995, with an operating target of $36. 7 billion and a net target of $2. 73 billion. In 1995, it had an oil reserve of 329 million tons and a gas reserve of 306 billion cubic metres; it produced 30. 6 million tons and a gas production of 21. 9 billion cubic metres. The eni group operates in more than 20 countries around the world, each of which is carried out by professional companies. As one of the more important subsidiaries of the eini group, the sales and research and development sector in italy has over 20,000 employees, one of the larger italian oil companies. It is mainly engaged in the production of petroleum products and operates 1,600 gas stations in italy. Its production of lubricants is marketed throughout europe. The quality of lubricants is reliable and stable. Recognized by a wide range of consumers. Italian oil has also long sponsored the italian blue shirts azurro football team. For the 2006 world cup, the italian football team, sponsored by italian oil (ip), gained world leadership。