Eni has no material exposure to Iran and so will not be affected by sanctions announced by the US administration, a spokesman for the Italian oil major has said.
The major has recouped all outstanding payments owed for previous investments in Iran's upstream and has only an oil supply contract outstanding for the purchase of 2 million barrels of oil per month, the spokesman said.
"The contract... will expire by the end of the year," he said in emailed comments.
The United States has threatened to impose secondary sanctions on European companies doing business with Iran after withdrawing from a 2015 nuclear deal with Tehran.
The European Union, once Iran’s biggest oil importer, is looking for ways to save the nuclear accord and safeguard investments made by European companies.
But the risk of running foul of sanctions and losing access to the US financial system has caused many companies to reassess their plans.
In May, French oil major Total announced it might pull out of its investment in Iran's South Pars gas field if it cannot secure a waiver from the US government.
Eni said that evaluations it had carried out so far in regard to its limited activities in Iran did not point to any need to request specific waivers.
In any event such activities would only be carried out to the extent sanctions allow them, the spokesman said.
France's FIEV car equipment lobby group has, meanwhile, canceled a July trip to Iran in light of the current tensions between the US and other European powers over the nuclear deal.
"The trip has been canceled and replaced instead by a meeting in France of our Iran club, so that we can reflect upon how to proceed in light of current events," said FIEV president Jacques Mauge.
French auto manufacturer PSA, which makes Peugeot and Citroen cars, said Monday it would stop its joint venture activities in Iran because of the risk of facing US sanctions.
Earlier this month, Peugeot-maker PSA Group said it had begun to suspend its joint venture activities in Iran to avoid the US sanctions.
French oil major Total also said in May that it would pull out of a multi billion dollar gas project in Iran if it could not secure a waiver from the sanctions.
