Saturday, June 20, 2009

Total Still Seeking Iran Gas Project

TEHRAN (Press TV) - A spokesman from Total says the French company is still seeking involvement in Iran's giant South Pars gas field after Iran replaced it with a Chinese firm.

"Total is interested in continuing its activities in Iran's gas and oil sector," Paul Floren told IRNA.

Earlier this month Iran signed a $4.7 billion deal with China National Petroleum Corporation (CNPC) to develop the upstream sector of South Pars Phase 11, saying it replaced Total because of the French company's repeated delays. But the French company says it is still involved in the development of the project.

Floren added that Total's officials are in talks with Iranians on the subject.

The managing director of the National Iranian Oil Company (NIOC) Seifollah Jashnsaz, who signed the deal in Beijing with his CNPC counterpart, said Total could continue negotiations with Iran for the development of Phase 11's downstream sector and LNG production.

Total was officially commissioned to develop Phase 11 of South Pars. However, Iran announced in March that it had found a partner to replace Total in the project. The French company has been under US pressure to abandon cooperation in Iran's energy projects.


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