Iran to Sign New IPC Gas Deal with Total for South Pars on Monday

Iran plans to sign a new contract to develop its giant South Pars gas field with France`s Total on Monday. the first major Western energy investment since sanctions against Tehran were lifted. an Iranian oil ministry official told Reuters on Sunday.

`The international contract for development of Phase 11 of South Pars in the framework of IPC (Iranian Petroleum Contract) will be signed on Monday. July 3. at 14:30. at a ceremony in Tehran attended by Iranian oil minister Zanganeh and senior officials from France’s Total. China’s CNPCI and Iran`s Petropars.` the official said.

About core

Check Also

27% of U.S. Gulf Oil Capacity Offline after Rafael

Over a quarter of U.S. oil production capacity in the Gulf of Mexico remained offline …

Leave a Reply

Your email address will not be published. Required fields are marked *