Iraq to sign final deal with Eni group

Eni won the right to develop the four billion Zubair barrel oilfield last year. (AP)

Iraq's Oil Ministry and a group led by Italian oil major Eni will sign a final deal for the development of the Zubair oilfield on January 22, Iraqi Oil Minister Hussain Al Shahristani said yesterday. Eni and its partners won the right to develop the four billion barrel oilfield last year following the country's first auction of oilfield contracts since the 2003 US invasion. The field was not initially awarded in the auction in June, but a deal was reached in subsequent negotiations.

 

Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.

 

Print Email