Total to Finalize South Pars Deal “within Weeks”

Iran says it expects France’s Total to finalize an agreement over the development of a key natural gas project in the country’s south in less than a month.

Amirhossein Zamaniniya, Iran’s deputy petroleum minister for international affairs and trading, was quoted by domestic media as saying that Total had been waiting to see whether there would be any “positive developments” in Washington toward the renewal of sanctions against Iran before proceeding with the development of South Pars Phase 11.

“Those developments took place and Total will continue negotiating with Iran toward a final agreement over the project,” Zamaniniya told Iran’s ISNA news agency.

“This will depend on how prepared Iran would be and how long it would take to write the text of the deal. I don’t think it would take longer than a month.”

Iran says it expects France’s Total to finalize an agreement over the development of a key natural gas project in the country’s south in less than a month.

(Source: PEDEC)

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