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Saipem SpA (STU:SPEA) Credit Losses Provision


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What is Saipem SpA Credit Losses Provision?

Credit Losses Provision only applies to banks.


Saipem SpA (STU:SPEA) Business Description

Industry
Address
Via Luigi Russolo, 5, Milano, ITA, 20138
Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.