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Eni’s Recchi Interested in Seeing Iran Open Up as Sanctions End

Giuseppe Recchi, chairman of Italy’s biggest energy company Eni SpA, said he’d be interested in seeing Iran open up to investment following years of sanctions.

Recchi and Amec Plc Chief Executive Officer Samir Brikho discussed Iran, holder of the world’s fourth-largest proven oil reserves, in a Bloomberg Television interview today in Davos, Switzerland.

Iranian President Hassan Rouhani is heading to Davos to meet world political and business leaders, the first leader from the country to visit the Swiss ski resort for the World Economic Forum. Sanctions imposed by the U.S. and the European Union will be lifted after the Islamic Republic said it had frozen the most sensitive part of its nuclear program.

Rouhani is due to address the forum tomorrow during a session called “Iran in the World.”

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