Iran News ...


9/10/07

Eni fails to eclipse "Iran LNG" bidders

TEHRAN, Sept. 10 (Mehr News Agency) - Tehran Monday rejected an Eni proposal to single the Italian giant out for "Iran LNG" project.

"Eni set a precondition that urged the country to hold talks only with the Italian company," National Iranian Gas Export Company (NIGEC) managing director told MNA, adding the proposal was ruled out.

Nasrollah Seifi added Iran is now holding negotiations with Austrian company OMV.

He said when Phase 12 of the South Pars (SP) is developed, its initial output will be exported in 2010, adding scores of foreign companies have so far expressed their interest in investing in the project.

However, negotiations on the $4 billion development plan of phases 19-21 are underway between Eni and Iran's Petropars Company.

Eni is the fourth biggest oil company in Europe in terms of market value, and the company is eager to invest in the gas and oil projects of Nigeria, Libya, and Venezuela.

... Payvand News - 9/10/07 ... --



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