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Article: Chile's Enap to divest stake in Iran block.(Empresa Nacional del Petroleo S.A.)(Brief article)
- Article from:
- The Oil Daily
- Article date:
- October 30, 2009
- Author:
CopyrightCOPYRIGHT 2009 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Enap, Chile's state oil company, plans to divest its stake in Iran's Mehr block and exit the country.
Speaking Wednesday at the Oil & Gas Outlook LatAm 2009 conference in Houston, Alison Saffery, Enap's head of structured finance, said Enap plans to return its share in Mehr to the Iranian government.
Enap has a 33% stake in an exploration contract for the Mehr block, which is located in southwestern Khuzestan province near Iraq and Kuwait.
The Chilean firm operates in Mehr through a partnership with Austria's OMV and Spain's Repsol YPF. OMV is the operator of the block.
Speaking privately with Oil Daily after her conference ...