2018-06-06 11:40:00
ENI: NO IRAN SANCTIONS
REUTERS - Eni has no material exposure to Iran and so will not be affected by sanctions announced by the U.S. administration, a spokesman for the Italian oil major said on Tuesday.
The major has recouped all outstanding payments owed for previous investments in Iran's upstream and has only an oil supply contract outstanding for the purchase of 2 million barrels of oil per month, the spokesman said. "The contract... will expire by the end of the year," he said in emailed comments.
The United States has threatened to impose secondary sanctions on European companies doing business with Iran after withdrawing from a 2015 nuclear deal with Tehran.
The European Union, once Iran's biggest oil importer, is looking for ways to save the nuclear accord and safeguard investments made by European companies.
But the risk of running foul of sanctions and losing access to the U.S. financial system has caused many companies to reassess their plans.
In May, French oil major Total announced it might pull out of its investment in Iran's South Pars gas field if it cannot secure a waiver from the US government. Eni said that evaluations it had carried out so far in regard to its limited activities in Iran did not point to any need to request specific waivers. In any event such activities would only be carried out to the extent sanctions allow them, the spokesman said.
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Earlier:
2018, April, 30, 09:40:00
ENI NET PROFIT €0.98 BLNENI - In the first quarter of 2018, Eni's consolidated adjusted operating profit of €2,380 million increased by 30% from the first quarter of 2017. The improvement was driven by a robust performance in the E&P segment (up by €0.67 billion or 47%) due to an ongoing recovery in crude oil prices, partly offset by a weaker dollar (the Brent benchmark in euro terms was up by 8%), as well as production growth. The G&P segment reported an adjusted operating profit of €0.3 billion, unchanged from the first quarter of 2017. |
2018, April, 20, 09:15:00
ENI - ROSNEFT COOPERATIONREUTERS - Italian oil major Eni has no plans to pull out of its joint venture with Russia’s Rosneft despite escalating sanctions against Russia, the head of Eni said on Wednesday. |
2018, April, 20, 08:50:00
ENI INVESTMENT €7 BLNENI - Eni will invest €7 billion in Italy over the next four years, including €1 billion in green activities
|
2018, March, 18, 11:20:00
ENI LNG WILL UPPLATTS - The company outlined plans Friday to increase its annual contracted LNG volume to 12 million mt a year by 2021 and to 14 million mt/year by 2025 from the 10 million mt/year envisioned in its previous 2017-20 plan.
|
2018, February, 12, 07:05:00
LEBANON OFFSHORE DRILLINGNOVATEK - Total and Eni signed exploration and production agreements (Agreements) with the Government of Lebanon to explore and produce hydrocarbons on the offshore blocks 4 and 9 in the Eastern part of the Mediterranean Sea. NOVATEK’s participating interest in the Agreements is 20%, Total and Eni both hold 40% stakes, with Total appointed as the Operator. |
2018, February, 2, 12:08:00
ZOHR INCREASES OUTPUTBLOOMBERG - Zohr, the largest undersea gas discovery in the Mediterranean, will pump 1.7 billion cubic feet per day before the end of 2018, el-Molla said in a televised ceremony to inaugurate the field. Egypt is talking with Rome-based Eni to increase output to reach the 2019 production target this year instead, he said. |
2017, October, 13, 12:35:00
ROSNEFT - ENI GAS DEALRosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. |
