Total’s Delay on Gas Project Raises Doubts in Iran Parliament

An Iranian lawmaker said France’s energy giant Total is dragging its feet over embarking on a project in Iran’s South Pars gas field. adding that the Parliament will demand an explanation from the oil minister for the delay.
Speaking to the Tasnim News Agency. deputy head of the Parliament’s energy commission. Hedayatollah Khademi. expressed concern about Total’s lack of determination to fulfill the contract it has signed with Iran. citing the French company’s delays in the past.
Total should not make any excuses for refusing to carry out the contract. the MP added.
He also said that Oil Minister Bijan Namdar Zanganeh will be invited to the Parliament to offer an explanation for the delay in the development of the 11th phase of South Pars gas field.
On October 27. Reuters quoted an official with Total as saying that the main contract for development of the 11th phase of South Pars gas field will be awarded in 2018 after US President Donald Trump`s final approval.
In early July. the Iranian Oil Ministry signed a $5 billion contract with France’s Total and China’s National Petroleum Company (CNPC) on the development of the 11th phase.
Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.
The deal includes 30 wells and two production units.

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