SAUDI DROPPED PRICES
Multinational oil companies will be ready to negotiate new agreements with producing countries feeling pressure from lower crude oil prices, but the emphasis will be on reviving neglected fields instead of finding and developing new ones, a former Eni SPA chief executive said.
"Eni and other major international oil companies want to go to already producing fields in Iran once sanctions end and apply their technology to recover more oil," Paolo Scaroni, who now is the Rothschild Group's deputy chairman, told his audience at Johns Hopkins University's School for Advanced International Studies on Oct. 21. "No one is interested in investing billions and waiting 7-8 years to produce…
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