Eni has "No Plans for Kurdistan Oil Deals"

By John Lee.

The Chief Executive of Italian oil and gas group Eni says the company does not plan to compromise its business in Iraq by making energy deals with Kurdistan.

Paolo Scaroni (pictured) said that one of the conditions for developing the Zubair field was that there could be no deals with local governments such as that of Kurdistan, according to Reuters.

"We will not be throwing into doubt those agreements," he said.

Eni is the lead partner in the Zubair project with a 32.81 percent stake; Iraq’s Missan Oil Company holds 25 percent, Occidental Petroleum Corp 23.44 percent, and South Korea’s KOGAS 18.75 percent.

(Source: Reuters)

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