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EghtesadOnline: Iranian oil minister has declined having new negotiations with TOTAL.

"Bijan Namdar Zangeneh", Iranian oil minister, in an interview with ILNA, dismissed reports about having new negotiations with TOTAL.

Asked about when the first contract with such a model will be concluded, Iranian minister said: "There are some contracts with such form that are in the process. We have to see which one would be finalized sooner. I think, the process would be confirmed in the next year."

According to ILNA, the oil minister also stated that the contract with TOTAL is also proceeding and in addition to TOTAL, the process of other three contracts are also being considered.   

Total Iran oil Bijan Namdar Zangeneh