“Prior to the sanctions, Eni was active in the development of South Pars field’s phases as well as in the petrochemical projects,” Antonio Vella said at the Iranian Petroleum and Energy Club 2015 Congress and Exhibition (IPEC 2015) which opened here on Monday.
He stressed role of technology in the development of Iran’s oil industry, and said Eni has been using the latest know-how in the Islamic Republic and will follow the policy in its future joint projects.
“Employment of the modern technology and to carry out the oil industry projects and to develop oil and gas fields is top on the company’s agenda,” he added, which could be shared with the Iranian partners.
The three-day IPEC 2015 conference started one day after formal end to anti-Iran sanctions and participants are going to discuss the theme Post-Sanctions Iran: An Open Door to Oil and Gas Investment Opportunities.
Besides Vella, chief executives and policy makers in the field of energy and delegates from OPEC, GECF and IEA are taking part in the conference.
Invited speakers to Conference include representatives from OPEC, GECF, IEF, Total, Eni, Ansaldo, World Petroleum Council, OMV, Mistsui, Siemens, Mitsubishi Hitachi Power System, Linde and Mitsui.
Referring to Iran’s capacity to play a major role in the global energy markets in the post-sanction period, he added, “Using modern technology can lower production costs.”
In September, President Hassan Rouhani said Italian companies have the advantage of a more level ground for presence in Iran’s oil and gas industry considering their past record of activity.
“In the new conditions, considering that some Italian firms have had cooperation with Iran in oil, gas and heavy industries, the ground is more prepared for their operation in Iran's economy,' he said in a meeting with Italian Prime Minister Matteo Renzi in New York.
“I underline the Italian firms that in cooperation with their Iranian counterparts, they are required to do their best to formulate valuable joint activities for stronger presence in the global markets,” Premier Renzi said.
Eni’s chief upstream officer told his Iranian audience in the Tehran oil and energy conference that modernization and enhanced recovery are the company’s future plans which he said has obtained an advanced technology for deep-water drilling.
Iran will introduce its new oil contracts in November and December in Tehran and London respectively.
“New contracts with foreign companies will be signed in the IPC (Iran Petroleum Contract) framework which I think will be more attractive,” Petroleum Minister Bijan Zangeneh said in August.
“More than cash or using the technology, we would like to have their advanced technology to be transferred to domestic companies,” he stressed in a televised program in early September.
In the wake of nuclear deal, Iran has hosted high-ranking officials and corporate executives of major companies from Germany, Spain, Austria, Italy, and France to discuss new cooperation ventures.
Italian Foreign Minister Paolo Gentiloni traveled to Tehran in August only couple of weeks after a nuclear deal was reached between Iran and P5+1 group of world powers in Vienna in July.