Al Pacino and Russell Crowe starred in The Insider

Producers are promising an "insider look" at the collapse of the energy corporation.

"We are committed to making a credible and compelling movie out of this pretty incredible and complex story," said Kevin Reilly, FX's president of entertainment.

"The dramatic guts of the story - cronyism, ambition and capitalism gone awry - are taking shape with each passing day."

Lowell Bergman, the former 60 Minutes producer portrayed in the film about the tobacco industry The Insider, will serve as a consultant on the project.

The film is in its planning stages as details on the scandal emerge in Washington and Texas.

Many facts of the disastrous collapse remain unclear.

Top executives of the Texas-based oil firm continue to refuse to answer the questions of legislators' probing the scandal.

Enron filed for bankruptcy protection on 2 December, sending shock waves through global business, financial and accounting sectors.

The collapse has resulted in more than 4,000 workers losing their jobs.

Thousands more investors have seen their life savings disappear.

Both the US House of Representatives and the Senate, the Justice Department and the Securities and Exchange Commission have launched investigations into the causes of Enron's collapse.