Tag Archives: France

The first and second stages of the project would become operational in 40 months and 60 months respectively.

Total will operate the SP11 project with a 50.1 percent interest. while Iranian Petropars Company and the Chinese CNPC will have a share of 19.9 and 30 percent. respectively.

France is seeking an end to the isolation of Qatar that has separated families across the region amid a spat between a Saudi-led group of nations and their gas-rich neighbor.

The 4.8 billion-dollar deal is the first major gas and oil agreement since anti-Iran sanction relief.

Shell sees opportunities in LNG and next-generation biofuels for shipping. heavy freight and air travel.

Total has a 50.1-percent share in the deal. The state-owned China National Petroleum Corp. has 30-percent stake and Iran’s Petropars has 19.9 percent.

The operation of the Al Shaheen Field under the new arrangement runs for 25 years. starting on July 14.

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.

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