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Italy's ENI Seeks New Business Opportunities in Iraq

ENI CEO Claudio Descalzi discussed future opportunities with Iraq Oil Minister Thamer Ghadhban at a meeting this week

Claudio Descalzi, CEO of Italian oil operator ENI, met with Iraq Oil Minsiter Thamer Ghadhban in Baghdad this week to discuss the potential for new business opportunities in the country.

ENI currently operates the Zubair oil field located near Basra, with current production at the field reaching approximately 475,000 bpd, an increase of more than double since 2015.

Following ENI's success at Zubair and as one of Iraq's main operators, Descalzi discussed the potential for future opportunities and investments in Iraq, whilst highlighting the progress of ongoing social projects in Basra related to education, healthcare energy and supply and access to clean drinking water.

Source: ENI

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