Tag Archives | Total

France’s Total to Develop Shared Oilfield in Iraq

By John Lee. Iran has reportedly signed an agreement with France’s Total to develop the South Azadegan oil field, which is shares with Iraq. Iranian Oil Minister Bijan Zangeneh (pictured) is quoted as saying that both parties have agreed to keep the details of agreement confidential, adding that the French firm is now “studying its […]

Greece to buy first Loads of Iranian Oil via Total

Hellenic Petroleum (ELPE) will not be able to purchase its first delivery of Iranian crude oil directly from Tehran, according to media reports. The Greek refiner signed a deal with the National Iranian Oil Company (NIOC) in January, but uncertainty in the regulations regarding the lifting of sanctions has led to problems in carrying out […]

Iran to Raise March Oil Exports

By John Lee. Iran is expected to increase its oil exports for March to around 1.65 million bpd, up from 1.5 million bpd in February. According to Reuters, the National Iranian Oil Company (NIOC) is expected to ship around 250,000-300,000 bpd to Europe this month after it finalised term deals with France’s Total (about 200,000 […]

Total to Buy Iranian Oil

Patrick Pouyanné (pictured), Chairman and CEO of Total, had an audience with Hassan Rouhani, President of Iran, to exchange on Total’s perspectives in Iran. The meeting was followed by the signature of a Memorandum of Understanding (MOU) between Total and the National Iranian Oil Company (NIOC) as well as framework agreement for the purchase of […]

Oil Majors head to Tehran ahead of Sanctions Relief

By John Lee. Reuters reports that oil majors Total and Shell have sent executives to Tehran ahead of the expected the lifting of international sanctions on Saturday. According to Iran’s Mehr news agency, they will meet officials from the National Iranian Oil Company (NIOC) and National Iranian Tanker Company (NITC) on Sunday. (Source: Reuters)

IOEC, Int’l Firms in Negotiations

The Managing director of the Iranian Offshore Engineering and Construction Company (IOEC) hsa said the Iranian firm is in negotiations with foreign counterparts to launch offshore projects based on the newly introduced petroleum contract models (IPC). “IOEC will cooperate as partner or contractor with the international companies,” Gholamreza Manuochehri told Shana. “Some 30 offshore projects […]

New Iran Petroleum Contracts to Bring More Revenue

The Managing Director of the Iranian Offshore Oil Company (IOOC), Saeid Hafezi (pictured), said Iran’s new contract models for investment in development of oil and gas fields can generate higher revenues compared to buy-back contracts. “The Iran Petroleum Contract (IPC) Conference was successful in achieving the objectives of introduction of contracts, potentials, and investment opportunities […]

Shell Delegation in Iran for Oil Talks

A delegation from global energy giant Royal Dutch Shell is visiting Iran for talks with the country’s oil officials. The delegation, which arrived in capital Tehran on Friday , will stay in Iran for four days, the local media reported. They are also scheduled to have separate meetings with Iran’s key banks, the Iran-UK Chamber […]

French Companies Eye Iranian Market

Senior officials from more than 150 French companies visited Tehran recently to discussed investment prospects in oil, gas and other sectors. Eric Festa, the director general of Total E&P Iran, said that the company currently has to comply with international sanctions on Iran, but told Iran Daily: “Following the lifting of the embargoes, we will […]

Iran signs Development of Esfandiar Oilfield

The Iranian Offshore Oil Company (IOOC) and a Norwegian-Austrian company have signed a preliminary agreement for the development of the offshore Efandiar field, IOOC Managing Director Saeed Hafezi [Saeid Ha’fezi] (pictured) says. “The initial confidentiality agreement has been signed, the MDP (master development plan) prepared and sufficient data exchanged. We are only waiting for the […]