Tag Archives: Europe

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Iran’s Petropars 19.9 percent.

The ministerial meeting will be preceded by a meeting of a technical committee involving all OPEC and non-OPEC members currently participating in the oil output cutting deal.

TMFGS is an affiliate of Total responsible for marketing marine fuels worldwide.

Total however also has large projects in Saudi Arabia and the UAE. highlighting the complexity of investing in the Middle East.

There was no immediate comment from Repsol on whether the MoU'.s focus would be predominantly on oil. or both on oil and gas.

Total. which will take over the field operation from Maersk Oil on July 14. plans to invest $2 billion in expanding the field over the next five years.

Iran aims to attract more than $70 billion for dozens of new petrochemical plants in line with plans to double its petrochemical production capacity in five years.

In June. the White House said that the United States is determined to become be a global player in exporting LNG.

European firms as well as Asian enterprises have already expressed their willingness to play an active role in developing Iran'.s lucrative petrochemical market.