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Wednesday, 21 June 2017

Eni signs deal to carry out feasibility study in Iran

Eni signs deal to carry out feasibility study in Iran:

"Eni has signed a provisional agreement with Iran to carry out feasibility studies on the development of oil and gasfields in the country, with government officials pointing to the move as the latest sign that global companies are not being deterred from investing in the country despite tensions between the country and regional rival Saudi Arabia. Italy’s largest oil and gas group signed a memorandum of understanding on Tuesday with the National Iranian Oil Company (NIOC), the state-owned energy group, to explore a potential investment in the Kish gasfield in the Gulf and the third phase of development of the Darquain oilfield in south-west Iran within the next six months. Iran had signed provisional agreements at the end of last year on the two fields with Royal Dutch Shell, Russia’s Gazprom, Philippines’ PNOC and an Iran’s Ghadir Investment Company."

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