Total confirms deal with Iranian, Chinese regimes on South Pars gas field

posted by
November 8, 2016
Posted in News

"French oil major Total confirmed on Tuesday a preliminary deal with Iran whereby Total would develop the phase 11 part of the South Pars gas field along with the National Iranian Oil Company (NIOC). Total said it would operate the SP11 project with a 50.1 percent stake in it. Petropars, a subsidiary of the National Iranian Oil Company, would have a 19.9 percent stake while Chinese state-owned oil and gas company CNPC would have a 30 percent stake."  

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