Tag Archives | Total

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 […]

Total “in talks” to buy Iranian LNG Project

By John Lee. French oil major Total is reported to be in talks to buy a multi-billion-dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG. According to Reuters, the company is aiming to buy into the project at a discount to the pre-sanctions price in exchange for reviving the project, which […]

Parliament to look into “Information Leak” by Total

he Iranian parliament’s Energy Commission plans to check the accuracy of reports suggesting that the French energy giant Total has leaked secret information about Iran’s South Pars gas field to Qatar, the spokesman for the commission said. Speaking to the Tasnim News Agency, Asadollah Qarakhani said the Energy Commission will look into reports about leakage […]

Resumption of Iranian Oil Exports off to slow start

By Dr. David Ramin, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In mid-January, an Iranian oil tanker leased to a Spanish oil company reached Europe. It called at the Port of Algeciras in Spain two days after the one-year anniversary of the implementation of […]

Iran to Sue Total if Gas Field Data was Leaked

Iran’s Oil Minister Bijan Namdar Zanganeh said the country will definitely sue Total if the French energy giant is proved to have leaked secret information about Iran’s South Pars gas field to Qatar. Speaking at a television talk show on Tuesday night, Zanganeh said Iran has given information to Total about only two out of […]

Total says Iran Investment Depends on Renewal of US Waivers

By John Lee. French oil major Total plans to make a final investment decision on its $2-billion Iranian gas project by the summer, according to reports from Reuters and PressTV. But Chief Executive Patrick Pouyanne (pictured) told journalists that the decision hinges on the renewal of U.S. sanctions waivers, which are due to be renewed […]

Iran in Talks with European Firms on Petchem Projects

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement. Speaking to reporters in Tehran on Wednesday, Managing Director of Iran’s National Petrochemical Company (NPC) Marziyeh Shahdaei said Iran continues to hold talks with France’s […]

Iran and France sign five Agreements

By John Lee. Iran and France have signed five agreements at the end of a business forum hosted by the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). The Memorandums of Understanding (MoU’s) included a cooperation document for development of Mashhad International Airport, two involving the Iranian Fisheries Organization, one for the construction of […]

Shell, Total likely to cooperate on Azadegan Oilfield

By John Lee. Mehr News Agency reports that Britain’s Shell and France’s Total are likely to form a consortium with an Iranian company to develop the Azadegan oilfield (pictured). An official at Iran’s Petroleum Engineering and Development Company (PEDEC) says the National Iranian Oil Company (NIOC) has so far signed four MoUs or confidentiality agreements […]

Japan’s Inpex to Study Major Iranian Oil Field

Inpex Corporation, Japan’s top energy developer, has signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out studies on the development of the South Azadegan oil field, located in the southwestern province of Khouzestan, a report said. Inpex is a strong candidate for the project after signing an MoU […]