Iran General NewsGaz de France eyes Iranian investment

Gaz de France eyes Iranian investment

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UPI: Gaz de France SA aims to invest as much as $300 million for a piece of Iran’s offshore South Pars natural gas production and liquid natural gas venture. United Press International

Gaz de France SA aims to invest as much as $300 million for a piece of Iran’s offshore South Pars natural gas production and liquid natural gas venture.

An executive with the French energy conglomerate, speaking at the World Gas Conference in Amsterdam, said his company would like an 8-, 10-percent stake in South Pars Block 11, in which Total SA has 80 percent and Malaysia’s Petronas 20 percent, the Oil & Gas Journal reported Wednesday.

Under a proposal being considered, GDF’s share would come from Total’s share. Total also would sell as much as 5 percent of its stake in the planned LNG plant to GDF. Currently, National Iranian Oil Co. has 50 percent of the plant, Total 40 percent and Petronas 10 percent.

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