Reuters - 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.

The company has recouped all outstanding payments owed for previous investments in Iran�s upstream and has only an oil supply contract left for the purchase of 2 million barrels of oil per month. �The contract... will expire by the end of the year,� the spokesman said.


Reporting by Stephen Jewkes