Italy backs Iran sanctions if Eni oil imports excluded

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Italian oil and gas group Eni has previously said it will not make any new investments in Iran and only intends to complete activities already under way.

Iran has been paying back Eni for decade-old deals in the country with oil for years but Eni CEO Paolo Scaroni has said Eni is still owed nearly $2 billion.

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News source: Reuters

Related news: Premier Monti Says Italy Agrees With Further Iran Sanctions