“We are more concerned about the oil payments that NIOC is making to us.” Eni's CEO Paolo Scaroni said so, stressing that the company could do without Iranian crude if the ban on imports is triggered but hopes that the Iranian oil rebates it has yet to receive will not be affected by the possible measure
In fact, Eni hopes that the credit of nearly $2 billion of Iranian crude owed to the National Iranian Oil Company (NIOC) is not covered by a possible European ban on the purchase of Iranian oil.
Iran is repaying the debt it owes ENI in crude oil for long-standing agreements and the Scaroni-led company believes the amount still owed is nearly $2 billion.
"We believe that there is a difference between importing crude oil and having crude oil for past activities“, added the CEO, “of course we will respect any ban that the EU wants to impose”, he specified.
The EU has not yet decided to ban Iranian oil imports But EU energy commissioner Guenther Oettinger said on Tuesday there was a consensus among European Union member states that a ban on Iranian crude exports to the air was needed.
Scaroni also explained that Iranian oil accounts for about 15% of its supplies and if there was a ban on Iran the company could obtain more oil from other sources such as Russia or Libya.
After the news, at noon the stock in the MY BAG loses 1,67%
