Iran: It’s All About The Contracts For Total

French major Total has been at the forefront of those companies looking to position themselves for re-entry into Iran, in preparation for the planned lifting of sanctions from early next year.

Senior executives have made frequent visits to Tehran, while CFO Patrick de la Chevardière recently indicated that the firm was in discussions with the Iranians about resuming their partnership to develop ‘Phase 11’ of South Pars, the world’s largest gas field. Phase 11 was to have fuelled the 10mn tons/year Pars LNG project (MEES, 6 November).

Speaking on the sidelines of the Adipec conference in Abu Dhabi on 9 November, Total’s CEO Patrick Pouyanné again intimated that the firm would be interested in taking up its role at Phase 11, after having pulled out in 2008. He told reporters that Total “could have some interest to develop some gas project to export the gas, to make some oil projects to enhance the recovery of some fields, but also to look at petrochemical projects.” (CONTINUED - 715 WORDS)