Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Eni, Development Phase III Darkhovan Oilfield
description
In May of 2009, Italy's Eni signed a $1.5 billion deal for development of Phase III of Iran's Darkhovin oil field. Eni was already active in Iran to the tune of $550 million. In February 2010, Eni announced that it would pull out of Iran after the expiration of existing contracts. In late April 2010, Eni announced that it would cease operations on the Darkhovin field due to sanctions.
- Country: Italy
- Client: National Iranian Oil Company
- Contractor: ENI S.p.A.
Status
- Current Status:
- Discussion Date:
- Contract Date: Fri, 2009-05-22
- Completion Date:
Citation
1. "Eni signs $1.5bn deal for Iran's Darkhovin field", Arabian Oil and Gas, 22 May 2009, Available at http://www.arabianoilandgas.com/article-5521-eni-signs-15bn-deal-for-ira....
2. "Eni-Iran", Eni, Accessed 25 October 2009, Available at http://www.eni.it/en_IT/company/operations-strategies/exploration-produc....
3. Liam Moloney, "Eni CEO: No Plans to Start Phase 3 of Iran's Darquain For Now", Dow Jones Newswire, April 29, 2010, available at http://www.irantracker.org/global-business-in-iran/projects/eni-developm...
4. "Italy's ENI to pull out of Iran," Associated Press via San Francisco Gate, February 4, 2010, available at http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/02/04/financial/f0....
5. "Italy: Eni to forfeit Iranian gas field over sanction threat", adnkronos International, April 29, 2010, available at http://www.adnkronos.com/AKI/English/Business/?id=3.1.320276186
All projects by ENI S.p.A.
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| ENI S.p.A. | Eni, Development Phase III Darkhovan Oilfield | $1.5 billion |
04/29/10 |
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