Iran General NewsIran sees talks with Eni on Darkhovin phase-report

Iran sees talks with Eni on Darkhovin phase-report

-

Reuters: Iran hopes to start talks soon with Italy’s oil and gas group Eni on developing phase three of the country’s Darkhovin oilfield, despite delays with phase two, the oil ministry’s Web site SHANA said on Tuesday. TEHRAN, Sept 18 (Reuters) – Iran hopes to start talks soon with Italy’s oil and gas group Eni on developing phase three of the country’s Darkhovin oilfield, despite delays with phase two, the oil ministry’s Web site SHANA said on Tuesday.

Eni signed a $550 million deal with Iran’s state oil company in 2001 to develop the field. It brought the first phase on line in 2005 and is currently active in the second phase.

“Operating the third phase of the Darkhovin project is related to the performance of Italy’s Eni in the second phase,” the managing director of Iran’s Oil Engineering and Development Company, Mehdi Bazargan, told SHANA.

Bazargan described Eni’s performance in the first two phases as “remarkable”, despite delays in completing phase two which he said were caused by “some problems”, without specifying.

SHANA said the aim of the second phase was to increase oil output at Darkhovin to 160,000 barrels per day from 50,000 bpd in the first phase. It said the third phase would aim to add 100,000 bpd.

In June, Eni’s chief executive said oil output from Darkhovin would reach 160,000 bpd by the end of this year.

The United States, which is seeking to isolate Iran over its disputed nuclear activities, has called on Western companies not to do business with the Islamic Republic.

Latest news

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Must read

Putin makes veiled warning over Iran military strike

Reuters: Russian President Vladimir Putin on Wednesday issued a...

Kick Americans out, top Iranian cleric tells Iraqis

AFP: Every ballot in Iraq's elections was a vote...

You might also likeRELATED
Recommended to you