Tag Archives | South Pars

MAPNA Ready to Replace Total in South Pars

Iranian holding company MAPNA Group voiced readiness to take over a project on development of the country’s South Pars gas field as French company Total has backed out of its contract with Iran for fear of the US sanctions. In an interview with Tasnim, CEO of MAPNA Abbas Aliabadi said his holding is prepared to […]

Total to Unwind Iran Operations if no Waiver

On 4 July 2017, Total, together with the other partner Petrochina, executed the contract related to the South Pars 11 (SP11) project, in full compliance with UN resolutions and US, EU and French legislation applicable at the time. SP11 is a gas development project dedicated to the supply of domestic gas to the domestic Iranian […]

Total CEO Urges Trump to Honor JCPOA

The head of French oil major Total has urged US President Donald Trump to stick with the 2015 nuclear deal between Tehran and world powers, a report said. Total’s CEO Patrick Pouyanne said he had raised the topic of Iran with Trump at a dinner in Davos in January, and asked the president to keep […]

Total Considers Measures to Protect Business in Iran

By John Lee. Total’s CEO Patrick Pouyanné (pictured) has said that the South Pars project was “progressing well, without delay, and [Total] continues to work, even if the situation with the American Congress is rather vague.” He added that he does not consider any future snapback of US sanctions to be automatic game-over for the […]

Increasing Production from Joint Fields, Iran’s Priority

Iranian Oil Minister Bijan Zanganeh made assurances that his ministry is determined to increase oil and gas production from joint fields with neighboring countries. Speaking to reporters in Tehran on Sunday, Zanganeh pointed to the country’s gas production in the South Pars gas field and said during the Iranian month of Dey last year (December […]

Iran needs $3bn to Complete South Pars

A member of the Iranian parliament says the country will need to invest 3 billion dollars for completion of the remaining phases of South Pars gas field. Head of the parliament’s energy committee Fereydoon Hassanvand said most of the project’s development phases will come on-stream next calendar year, beginning on March 21, except for phase […]

Total’s Gas Deal Going Ahead

Iranian Minister of Petroleum Bijan Zangeneh said the National Iranian Oil Company (NIOC)‘s gas deal with French energy giant Total is being executed on schedule and all the project’s tenders, excluding one for drilling operations, have been held. The official said all the contractors, except for one, who have signed in the tenders are domestic […]

Loading of First Platform of South Pars Phase 14

An operation to load the first platform of Phase 14 of Iran’s giant South Pars gas field, which has been designed and manufactured by the country’s domestic experts, began on Tuesday. The loading of the gas platform 14A on to a ship off the southern port city of Bandar Abbas started on Tuesday morning. The […]

CNPC may take over South Pars if Total Pulls Out

The China National Petroleum Company (CNPC) plans to take over Total’s stake in Iran’s South Pars gas field if the French energy giant fails to stick to its contract with Tehran due to new US sanctions, a report said. CNPC officials have held internal talks in recent weeks to discuss the implications of taking control, […]

Iran may Entrust Maersk with SPOL Development: CEO

The managing director of Pars Oil and Gas Company (POGC) said his company is planning to sign a deal with Denmark’s Maersk for developing South Pars gas field’s oil layer (SPOL). Addressing a press conference on Monday, Mohammad Meshkinfam said several companies are in talks with POGC for developing SPOL but the talks with Maersk […]

Total “Cannot Withdraw Capital” from Iran Gas Deal

Iranian Minister of Petroleum Bijan Zangeneh says Total S.A.‘s capital in a contract with Tehran to develop Phase 11 of the South Pars Gas Field will stay in Iran in case the French energy major walks away from the deal without any UNSC sanctions. The official said: “If Total walks away from the deal without […]

Iran, Italy sign Gas Deal

Italy’s Ansaldo Energia has signed a memorandum of understanding (MoU) with several subsidiaries of the National Iranian Oil Company (NIOC) for converting flare gas into electricity at the supergiant South Pars Gas Field. In its first phase, the Italian company will produce 600 MW electricity and in the second phase about 1,000 MW electricity will […]

Oil Output to Reach 4.5m bpd in 5 Yrs

The CEO of the National Iranian Oil Company (NIOC) Ali Kardor said Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years. Iranian gas production will reach 1.3 billion cubic meters per day and production of gas condensate will reach 864,000 bpd in the next five years, Kardor […]

Iran Inks Flaring Deal with France’s Sofregaz

The National Iranian Oil Company (NIOC) and a consortium of France’s Sofregaz and Sanat Sazeh Samin for recovery and consumption of flare gas at a refinery at South Pars. Signed on Wednesday, the deal was signed by Ali Mohammad Ahmadi, operator of South Pars Sustainable Development Project representing NIOC, Sofregaz Managing Director Yann Aubry Lecomte […]

NIOC Reviews Maersk Plan for Developing SPOL

The National Iranian Oil Company (NIOC)‘s committee of reservoir advisors has reviewed Maersk Group‘s proposed plan for developing South Pars Oil Layer (SPOL). The proposal was considered in the 140th meeting of the committee’s members at NIOC headquarters in Tehran on Tuesday. During the meeting, reservoir specifications, development projects in three phases, and possible scenarios […]

Total Deal Serves National Development: Iran’s VP

Iran’s first vice-president played down criticism by opponents of a recent gas deal Iran has signed with France’s Total, saying the contract would serve the goals of national development, as emphasized by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei. Those opposing the recent gas deal the Oil Ministry has signed with the French […]

Oil Minister defends Total Gas Deal in Parliament

Iranian Oil Minister Bijan Namdar Zanganeh in an open session of the parliament briefed the lawmakers on a controversial $5 billion gas deal recently signed with France’s energy giant Total, saying the agreement would serve the Islamic Republic’s interests. Addressing the open session of the parliament on Wednesday, Zanganeh defended the deal with Total to […]

Total Deal “Strongly Opposed” by Domestic Experts

Some Iranian experts and top figures in oil and gas industry have voiced their strong opposition to a $5 billion gas deal recently signed between Iran and France’s energy giant Total, saying Total has hatched “a sinister plot” against the Islamic Republic. In a television program aired on Saturday night, Asghar Ebrahimi-Asl, a former deputy […]

Petchem Development “Impossible” without Tapping FDI

The managing director of a major oil, gas and petrochemical investment company says without foreign direct investments (FDI), implementation of major petrochemical and energy projects in Iran would be impossible. According to IRNA, Mohammad Hassan Peyvandi, managing director of Tamin Petroleum & Petrochemical Investment Company (TAPPICO), underlined the necessity of developing oil and petrochemical industries […]

Total and NIOC sign South Pars Development Contract

French oil major Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of oil equivalent per day including […]