TEHRAN– Chinese energy giant CNPC could take over Total’s stake in a major Iranian gas project if the French company is forced to leave Iran over any new US sanctions, media reported. Total signed the $1 billion deal to develop the South Pars gas field this year. According to the company, the project will produce […]

TEHRAN  – Iranian Oil Minister Bijan Namdar Zanganeh said the French energy giant Total can leave a multi-billion dollar gas deal with the Islamic Republic only if the United Nations Security Council imposes international sanctions against Tehran. Speaking to reporters after his meeting with Deputy Prime Minister of the Republic of Uzbekistan Alisher Sultanov on […]

TEHRAN – The spokesman for the Iranian parliament’ presiding board made assurances that France’s energy giant Total will never leave its major gas deal with Tehran. In remarks released on Saturday, Behrouz Nemati said the agreement with Total has been signed and its implementation process is underway according to Iranian Oil Minister Bijan Namdar Zanganeh. […]

TEHRAN – Total Chief Executive Officer Patrick Pouyanne said US President Donald Trump’s new aggressive approach to Iran could kill a huge energy investment the French oil and gas major signed with Tehran just four months ago. “Either we can do the deal legally if there is a legal framework,” Pouyanné told CNN on Monday. […]

Iran says it has given the required work permits to the foreign employees of the French energy giant Total thus setting the company in motion to start the development of a key gas project in the country. The employees for whom the work permits were issued included directors as well as experts, Iran’s media quoted […]

TEHRAN  – Iranian Oil Minister Bijan Namdar Zanganeh said France’s energy giant Total has started work on the country’s giant South Pars gas field. New US sanctions against Iran are unlikely to affect the country’s oil and gas contracts with foreign states, Zanganeh told reporters on Saturday. “Total has begun its work to develop Iran’s […]

TEHRAN, – Stephane Michel, Total’s president for Exploration and Production in the MENA region says that he is not worried about Trump’s anti-Iran measures.  “Total is committed to international regulations and will keep on abiding by,” said Stephane Michel, French oil major Total’s president for Exploration and Production in the Middle East and North Africa […]

French businesses will meet with foreign and finance ministry officials this week to get better acquainted with the possible consequences of Trump’s decertification of Iran nuclear deal on doing business with Tehran, Reuters reports. According to Reuters, French businesses which seek to tap the Iranian market have been invited by the Medef business group, officials […]

TEHRAN– Total Chief Executive Officer Patrick Pouyanne said the French oil and gas major would push ahead with its Iran gas project if the United States decided to impose unilateral sanctions on Tehran. “If Iran is compliant, if the European Union and China and Russia continue to consider that the JCPOA (Joint Comprehensive Plan of […]