Italians go to polls in drilling referendum Renzi did not want


  • World
  • Monday, 18 Apr 2016

ROME (Reuters) - A referendum aimed at curbing Italy's offshore oil and gas industry was sunk on Sunday when it failed to secure the necessary quorum, with a sizeable majority of voters shunning the ballot, initial data showed.

The result was a relief for Prime Minister Matteo Renzi, who had called on people to abstain, saying the vote was unnecessary and would have hurt the economy. It was also good news for energy firm Eni which potentially had the most to lose.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Feature: Chinese firms eager to showcase new products at Spain seafood fair
Slovenia's jobless rate falls to historic low
Crude futures settle higher
U.S. dollar ticks up
Turkish court sentences Syrian woman to life in prison over Istanbul bombing
Students at Stanford University hold pro-Palestine demonstration
At least 10 killed in hotel fire in southern Brazil
Interview: Hopes of rate cuts driving FTSE 100 rally, says LSE expert
Israeli shekel falls to over 5-month low against USD
UM Consumer Sentiment Index falls in April

Others Also Read