Iran General NewsIran says talks still on with Total over South...

Iran says talks still on with Total over South Pars


ImageReuters: Iran has not stopped talks with France's Total over investment in the country's phase 11 of the South Pars gas field, the semi-official Mehr news agency reported on Sunday. By Parisa Hafezi

ImageTEHRAN, Dec 6 (Reuters) – Iran has not stopped talks with France's Total over investment in the country's phase 11 of the South Pars gas field, the semi-official Mehr news agency reported on Sunday.

Deputy head of NIOC Hojjatollah Ghanimifard had told state television on Saturday that Iran had excluded Total from phase 11 of its giant South Pars gas field.

However, head of National Iranian Oil Co Seifollah Jashnsaz said he had no knowledge about reports on Total being dismissed from the project in southern Iran.

"Talks took place between Total and NIOC in Tehran last week," Jashnsaz told Mehr.

Another Iranian official also told Mehr that Total was still interested in the project.

"Total is interested to take part in the phase II of the South Pars and talks with Total are going on," said Reza Kasaizadeh, head of National Iranian Gas Co.

A spokeswoman for Total in Paris declined to comment.

Total had a memorandum of understanding (MOU) with the state National Iranian Oil Company (NIOC) to develop Phase 11 but the project has been overshadowed by haggling over contract terms.

In June, the official Iranian news agency IRNA said Tehran had signed a $4.7 billion contract with China National Petroleum Corporation (CNPC) to help develop phase 11 of South Pars, replacing Total, which it had accused of delays.

However, later Iran said it had resumed talks with the French energy firm on its participation in phase 11 after a gap of several months.

Iran has the world's second largest gas reserves, almost 16 percent of the world's total, but currently has no major net exports, partly because U.S. and U.N. sanctions have deterred investment by Western firms with expertise and technology.

The South Pars reservoir is shared by Iran and Qatar. The Iranian part is divided into 24 phases. (Additional reporting by Anna Willard in Paris; editing by Karen Foster)

Latest news

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Iran’s Regime Continues Its Internet Restriction Project

This is part of the outlook of a document by the Iranian regime’s Supreme Council of Cyberspace, which has...

Iran’s Human Development Index Dropped Sharply

One of the most common questions asked in primary schools by teachers all over the world is, “wealth or...

Narcotics Iran Regime’s Income Source for Terrorism

Besides Iran’s malign activities, such as its regional interference, and missile and nuclear projects, drug trafficking plays a major...

Must read

Cheney: ‘All options’ available for Iran

AP: Vice President Dick Cheney on Saturday renewed Washington's...

How Iran Regime Violates OPEC Agreements

 Iran Focus  London, 15 Nov - Iranian oil fields have...

You might also likeRELATED
Recommended to you