NIOC, Eni sign MOU for Kish, Darquain development studies

National Iranian Oil Co. (NIOC) and Eni SPA of Italy signed a memorandum of understanding for Eni to study the feasibility of developing Kish gas field and Darquain oil field, the Iranian Oil Ministry's official website SHANA reported June 20.

It would be the third phase of Darkhovin oil field in southern Iran. Eni has 6 months to present the results of its studies.

"The agreement with NIOC does not include any commitment to invest," an Eni spokesman told Reuters.

State-controlled Eni entered Iran in the 1950s. It was involved in the development of Darkhovin field and offshore South Pars gas field before US-led sanctions stopped oil majors investing in Iran.

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