Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Total SA - NIOC, South Pars Phase 11 Discussions
description
Reza Kasaiezedeh, managing director of the National Iranian Gas Export Company, hinted that Total SA was ready to sign onto a $7.5 to $8 billion contract to develop South Pars Phase 11, after pulling out last year. Previously, the contract with Total was worth $12 billion. Since last year's pullout by Total, Iran contracted with China's CNPC to develop Phase 11, inking a $4.7 billion contract.
On 5 December 2009, Iranian officials said that Total SA had been cut from South Pars Phase 11, now being developed by a consortium from Iran, India, and Angola.
Speaking to a group of investors in February 2010, CEO Christophe de Margerie expressed continued French interest in cooperating in the South Pars project, noting that "We would like to go there but we cannot. Total is actively attentive (to Iran), it is normal to maintain relations there which will allow us, when the time comes, to sign contracts."
Status
- Current Status:
- Discussion Date: Mon, 2009-10-12
- Contract Date:
- Completion Date:
Citation
1. "Iran says Total ready to work on South Pars", CNBC, 12 October 2009, Available at http://www.cnbc.com/id/33278951.
2. "Iran sees Total deal worth $8 billion", Tehran Times, 12 October 2009, Available at http://www.tehrantimes.com/index_View.asp?code=205571.
3. "Total Eyes More Investment", Zawya, 17 February 2010, available at http://www.zawya.com/Story.cfm/sidZAWYA20100217093647/Total%20Eyes%20Mor....
3. "Iran Excludes Total SA From Gas Project", Wall Street Journal, 5 December 2009, available at http://online.wsj.com/article/BT-CO-20091205-700167.html.
All projects by Total SA
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| Total SA | Total SA - Business Halt | ---- |
06/28/10 |
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| Total SA | Total SA - NIOC, South Pars Phase 11 Discussions | $8 billion |
12/05/09 |
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