Iran News ...


France's Total to develop Phase II of Iran's offshore gas field

Tehran, April 25, IRNA -- The French oil giant Total won a bid to develop Phase 11 of Iran's massive South Pars offshore gas field, said a senior Iranian official here Sunday.

Negotiations to develop the gas field are on the verge of being finalized with Total officials, the managing director of the National Iranian Oil Company (NIOC), Mehdi Mirmoezi, said.

Speaking on the sidelines of an ongoing gas conference here, he told reporters that completion of the phase would be significantly linked to another Iranian project on liquified natual gas (LNG).

The gas extracted during Phase 11 operations is expected to be exported to European countries.

Negotiations are currently underway with officials of Shell and Repsol for Phase 13 of this ongoing development project.

... Payvand News - 4/25/04 ... --

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