Iraq and Eni discuss opportunities and new investments

CD Iraq IMG 20190204Thamir A. Al Ghadhban, the deputy prime minister of Iraq, and Eni CEO Claudio Descalzi met in Baghdad to discussed future opportunities and development investments that will further strengthen Eni’s relationship with the country

The meeting also outlined Eni’s current activities in the country in light of the recent achievements of the Zubair field development

The project, carried out by Eni Iraq B.V with Basra Oil Company (BOC), has marked the fast track development of one of the largest producing oil fields in the southern Iraq region of Basra.

At Zubair, oil production has grown more than 100 per cent since 2015 and a new 380 MW plant that will generate power for domestic consumption is in the final stages of construction.

The parties also discussed the progress of social projects that are currently underway in the Basra Governorate in the areas of healthcare, education, access to energy and clean drinking water.

Eni’s CEO has highlighted potential synergies related to energy projects in Iraq, a strategic lever for the country in maximising its use of national natural resources.

Eni has been present in Iraq since 2009 through its subsidiary Eni Iraq B.V., and with the ramp up of the Zubair Field Development Project, the company has become one of Iraq’s main operators in the oil sector.

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