Eni has no material exposure to Iran and so will not be affected by sanctions announced by the U.S. administration, a spokesman for the Italian oil major said on Tuesday.

Italy’s Eni company is currently preparing the feasibility study for the development of oil and gas fields in Iran. "We signed two agreements to carry out feasibility studies on the development of oil and gas fields in the country. We have six months to present the results of our studies. So at present our activities are only about this," a source in the country’s oil and gas market told Trend.

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