An Iranian company is going to take over a drilling project in phase 11 of the country’s South Pars gas field.

 Iranian Oil Minister Bijan Namdar Zanganeh has been summoned to the parliament to explain about several issues, including a recent verdict to fine French oil and gas group Total (TOTF.PA) for bribing foreign officials in a case related to Iranian contracts in 1997, an MP said. Speaking to the Tasnim News Agency, Hedayatollah Khademi, who […]

 Iranian Oil Minister Bijan Namdar Zanganeh said Iran will refund French oil and gas major Total’s investments in the phase 11 of South Pars gas field but not until the project becomes operational, Shana reported on Saturday. “Total is not supposed to pay a sum as a penalty to Iran, but the money that this […]

 Spokesperson for the Energy Commission said Tue. that all equipment and investment by Total in developing Iran’s South Pars project will remain in the country despite the French energy giant’s exit. Asadollah Gharehkhani, Spokesperson for the Energy Commission at Iran’s Parliament, said Total terminated a contract to develop Phase 11 of Iran’s South Pars energy […]

Manager of the National Iranian Oil Company (NIOC) for Investment and Business Affairs Mohammad Mostafavi said that France oil major ‘Total’ has not yet announced its official exit from South Pars Gas Field. Playing the role of members of the consortium for the development of Phase 11 of South Pars Gas Field is in accordance […]

 French energy giant Total has yet to permanently pull out of Iran following the renewal of US sanctions, but CEO Patrick Pouyanne sounded a pessimistic note about his company’s prospects in the country. Total positioned itself to develop a portion of the world’s largest natural gas field after the 2015 Iran nuclear deal lifted punishing […]

A member of Parliament’s Energy Committee said Mon. that Iran would seize Total’s investment revenues if the French company fails to return to the South Pars project before the deadline. Speaking to Mehr News correspondent on Monday, Behrouz Nemati said Total has not yet officially left the South Pars 11 project, adding “as far as […]

French oil major Total is committed to the development of an Iranian gasfield and will apply for a waiver if US President Donald Trump unilaterally withdraws from the 2015 Iran nuclear deal and re-imposes sanctions on Tehran, the company’s chief executive said. “If the US decides to put back the sanctions, we have to look […]

TEHRAN – Total has created a comprehensive database of Iranian contractors and equipment manufacturers to maximize the use of Iranian capacities in the development of phase 11 of Iran’s South Pars gas field, Shana reported on Wednesday quoting an oil official. According to Habibollah Bitaraf, the Iranian deputy oil minister for engineering, research and technology, […]

TEHRAN- National Iranian Tanker Company (NITC) Managing Director Sirous Kianersi said that Total and Shell are among the international companies that have leased out Iranian oil tankers since the implementation of Joint Comprehensive Plan of Action (JCPOA) that lifted the sanctions against Iran in January 2016. In an interview with Tasnim news agency, the official […]