OPINION: Why European companies are fleeing Iran after US deal withdrawal

Tuesday, 22 May 2018

US Secretary of State Mike Pompeo’s statement on Monday put an end to bargains. Officially, Washington has begun its war on the Iranian regime. The weapons of economic sanctions threaten the entire regime and do not only restrain it. The French Total left the gas fields in the Gulf and moved on. Head of the Italian company ENI told the company’s board that they shut down their offices in Tehran and stopped searching for oil and gas. Airbus signed a contract to sell Iran 100 ...

Abdulrahman al-Rashed

Italy's Eni and Abu Dhabi's ADNOC to sign deal on Sunday

Saturday, 10 March 2018

Italian energy company Eni and state oil giant Abu Dhabi National Oil Co (ADNOC) are expected to sign a deal on Sunday, the Italian government and a source said. A statement from the Italian prime minister's office said a signing ceremony was scheduled to take place after premier Paolo Gentiloni meets Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan at the Emirates Palace on Sunday afternoon. It gave no details of the agreement between Eni and ADNOC. ...

Lebanon signs deal with three international oil companies

Friday, 9 February 2018

Lebanon has signed a deal with an international consortium to start exploratory offshore drilling for oil and gas in what the country hopes will help boost its struggling economy. The signing ceremony was held on Friday in Beirut and was attended by President Michel Aoun and officials from the three oil companies, Italy's Eni, France’s Total and Russia’s Novatek. The agreement came two months after Lebanon’s government approved the licenses for the international consortium to ...

Lebanon gives go-ahead to first offshore energy exploration

Thursday, 14 December 2017

Lebanon’s cabinet approved a bid on Thursday by a consortium of France’s Total, Italy’s ENI and Russia’s Novatek, in the country’s much-delayed first oil and gas offshore licensing round, a government source told Reuters. Exploratory drilling is expected to start at the beginning of 2019, Energy and Water Minister Cesar Abi Khalil said in a statement. “Congratulations to the Lebanese people on the passing of the oil decree and on Lebanon entering the club of ...

Nigeria seizes $1.2 bln oil bloc in Shell, Eni scandal

Friday, 27 January 2017

Criminal charges already have been filed against both companies and several executives in an Italian court in Milan

Iran starts selling crude oil to Italy’s Eni

Monday, 19 December 2016

Bid to revive pact with the Italian oil major prior to sanctions

Gas field discovery in Egypt a big draw for foreign investors: experts

Tuesday, 8 September 2015

Analysts also said that the discovery could also help Cairo consider entering the export market.

Iraq approves major contracts for Eni’s Zubair oilfield

Tuesday, 25 February 2014

Iraq’s cabinet approved two major contracts for Eni’s Zubair oilfield project worth about $1 billion

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