Tag Archives | Total

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 […]

Total May Have to Rethink Iran Deal due to Trump

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. “If we […]

Total to Conform to any US Sanctions on Iran: CEO

France’s Total has opened an office in Washington to coordinate its operations in Iran where the French oil and gas major plans to develop Phase 11 of the giant South Pars gas field. On Thursday, Total CEO Patrick Pouyanne stated that his company would comply with any sanctions on Iran. Iranian officials, he said, “know that […]

Iran Eyes Petchem Deal with Total in a Month

Iran is about to sign a petrochemical deal with French energy major Total by November, a petrochemical official said. Director of investment at the National Petrochemical Company (NPC), Hossein Alimorad, said the Persian Gulf Petrochemical Industries Company (PGPIC) is about to sign a contract with Total to carry out economic studies on a petrochemical project […]

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 […]

Iran Plans to Award $15bn in New Oil Deals

The next Iranian oil and gas award would be based on the framework of the agreement signed with the French energy giant Total last month over the development of South Pars Phase 11, the deputy director for development and engineering affairs of the National Iranian Oil Company (NIOC) has said. Gholamreza Manouchehri stated that Iran […]

Iran Eyes Petchem Deals with Int’l Majors Soon

A senior Iranian petroleum official says the country is about to sign several deals with international companies for developing petrochemical projects. Following a meeting with executives from Germany’s industrial gases company Linde, Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading, underlined the “very favorable” progress made in talks with leading international companies […]

Italy’s Eni Happy with Total’s Presence in Iran

The CEO of Eni said the Italian oil giant is not competing with France’s Total in Iran, noting that it has also signed an agreement with the National Iranian Oil Company (NIOC) to develop oil and gas fields in the Islamic Republic. “We are happy that Total is in Iran. We are not competing to […]

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 […]

Total to do Iran Petrochemical Deal?

By John Lee. Following the multi-billion dollar gas deal announced earlier this week, Platts reports that France’s Total is on the verge of making a big investment in Iran’s petrochemical sector. Oil Minister, Bijan Zanganeh was quoted in local media as saying that a deal involving a full ethylene production cycle is in negotiation. Marzieh […]

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 […]

Europeans press FATF to extend Iran Sanctions Reprieve

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europeans press Terror-Finance Watchdog to extend Iran Sanctions Reprieve A powerful financial watchdog group meeting in Valencia, Spain, this week will take actions that could bolster the Iran nuclear deal — or put it in […]

Total to Make $1bn Investment in Giant Iranian Gas Field

The chief executive of Total confirmed that the French oil major will go ahead with development of phase 11 of the huge South Pars gas field in southern Iran this summer, saying it would make an initial $1 billion investment in the field. “It is worth taking the risk at $1 billion because it opens […]

29 Int’l Companies Invited to Bid for Oil Project

A top Iranian official said the country is going to put development of its Azadegan oilfield out to tender in coming days, noting that 29 oil giants, including Shell and Total, have been invited to make their offers in the event. Ali Kardor, CEO of the National Iranian Oil Company (NIOC), said on Sunday that […]

LNG Exports to EU – Iran courts Total

Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe. Bijan Zanganeh told reporters that serious talks with Total were underway over the development of Phase 11 of Iran’s South Pars […]

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 […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

Total seeks $4bn Stake in South Pars Gas Gield

Total is seeking a 50 percent stake in a $4 billion project in Iran’s giant South Pars gas field, the French energy firm said in a regulatory filing detailing talks held with Iranian officials on several projects in 2016. Total signed a preliminary deal for the South Pars project last year, becoming the first Western […]