Italian oil company Eni is looking at Iraq as "an opportunity", Chief Executive Paolo Scaroni was quoted as saying on Monday.
"There are now possibilities to write up contracts in a new legislative framework," Scaroni told Italian newspaper Corriere della Sera, which said the oil company would look to engage itself in engineering first.
Iraq holds the world's third largest oil reserves, a resource key to meeting future global energy demand and to funding the reconstruction of the country's shattered economy.
Baghdad's oil minister told Reuters in February more than 100 companies including foreign major oil companies were vying for deals to tap Iraq's vast oilfields, but a vital oil law is stalled by tension involving the Kurdish region.
"We are looking at Iraq as an opportunity," Corriere quoted Sacroni as saying after signing a memorandum of understanding on oil and gas cooperation with Qatar on Sunday.
Source: Reuters
