Eni suspends Rosneft-led Black Sea drilling project over U.S. sanctions


Eni has suspended its drilling in an offshore project in the Black Sea over sanctions imposed by the US, according to Reuters.

It relates to a project led by Rosneft, an oil company majority owned by the government of Russia.

The chairwoman of the Italian oil and gas group confirmed the move at the World Economic forum in Davos.

Speaking to the news agency, Emma Marcegaglia said: “We asked authorisation to the U.S. and so we obtained the authorisation from the U.S. so we started to drill this well, but then now we have to stop because… sanctions are hitting this.”