Italy's Eni signs deal with Iran on oil and gas field studies

Italy's Eni signs deal with Iran on oil and gas field studies

"The tender will not happen in this government because we have not signed memorandum of understandings with some companies and they need three to four months to study the field", the managing director of the National Iranian Oil Company (NIOC), Ali Kardor, was quoted as saying by ISNA news agency.

"Eni's performance and pace of work has been outstanding in Cairo (Egypt) and the Mediterranean region".

Meanwhile, under the provisions of the Memorandum of Understanding, Eni is committed to carry out development studies over Kish gas field and Darkhoin oil field within a six-month period on an inclusive basis.

The company is to hand in its proposed master development plan (MDP) to NIOC after a six-month period.

The deal was sealed by Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri as well as Antonio Vella, Chief Upstream Officer of Eni.

The tender for developing the Azadegan oilfield, Iran's first such tender since the lifting of global sanctions more than a year ago, has been postponed several times for unspecified reasons.

It is also active in exploration and production sector as well as refining and marketing of petroleum products.

The Iranian oil ministry's official website SHANA reported that the agreement was signed in Tehran for studies on the Kish gas field and the third phase of the Darkhovin oil field in southern Iran.