EghtesadOnline: Iranian Oil Minister Bijan Namdar Zanganeh said the gas contract signed with energy major Total this month will be a technological milestone that will help Iran lift its gas production and revenue from the joint South Pars Gas Field in the Persian Gulf.
EghtesadOnline: First Vice President Eshaq Jahangiri said on Wednesday that signing the contract between Total of France and the National Iranian Oil Company (NIOC) for the development and production of phase 11 of South Pars (SP11) should be regarded as a shameful defeat for the US and sanctions as they called for freeze of money and capitals towards Iran.
EghtesadOnline: Iran’s consumption of flat steel is expected to increase rapidly as a result of an investment contract with a consortium led by French oil and gas company Total SA to develop Iran’s major South Pars Gas Field, S&P Global Platts reported citing comments made by Amirhossein Kaveh, secretary of Iranian Syndicate of Steel Pipe and Profile Manufacturers.
EghtesadOnline: Iran's major energy deal with French oil company Total, and Qatar's announcement that it will significantly hike gas production, could challenge America and its allies' energy dominance in the Persian Gulf.
EghtesadOnline: The presence of Total in Iran's petrochemical sector is led and encouraged by Ministry of Oil, says the Executive Director of National Petrochemical Company referring to petrochemical industry boom after the historic nuclear deal.
EghtesadOnline: The contract inked between Iran and French energy giant Total to develop phase 11 of the South Pars Gas Field, has opened a new chapter in Iran energy diplomacy, former official says.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the French oil major Total will develop Phase 11 of the South Pars Gas Field in the Persian Gulf step-by-step because of the nature of the initiative and "that is why the whole $5 billion investment will not be transferred to the country all at once".
EghtesadOnline: Nine years ago, when sanctions were imposed on Iran by the international community, Total was the last Western energy company to suspend its activity there. Now, following the lifting of nuclear sanctions on Iran in January 2016, Total is the first Western company to return to the Iranian energy market.
EghtesadOnline: Total S.A. could spend up to $2 billion in Iran's petrochemical industry in what would further cement the position of the world's fourth largest oil and gas company in the Iranian economy.
EghtesadOnline: Total SA made a $1 billion bet on natural gas in Iran, swallowing a hefty dose of political risk in the hope of gaining first-mover advantage in the country with the world’s largest reserves.