News // Oil and gas worldwide
French Total to maximize Iranian share in South Pars project
22 February 2018 , 14:06Neftegaz.RU588
Total has created a comprehensive database of Iranian contractors and equipment manufacturers to maximize the use of Iranian capacities in the development of phase 11 of Iran’s South Pars gas field, Iranian Shana reported on February 21, 2018, quoting an oil official.
According to Habibollah Bitaraf, the Iranian deputy oil minister for engineering, research and technology, the maximum contribution of Iranian contractors and equipment manufacturers in the South Pars project has been emphasized in the contract with Total, and the oil ministry and NIOC are closely monitoring the process.
In July 2017, a consortium comprising France’s Total, China's CNPC International and Petropars company from Iran signed a contract with NIOC for developing phase 11 of the supergiant South Pars gas field, with Total holding 50.1 % interest in the project, CNPC owning a 30 % stake and Petropars holding the remaining 19.9 %.
According to the Iranian Oil Minister Bijan Namdar Zanganeh, Total had pledged 56 million euros ($66 million) for the South Pars project and work is progressing as specified in the contract.
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