Total will have no 'active role' in gas project: Iran
Friday, 13 March 2009
TEHRAN, Mar 12 (AFP): A top Iranian official said yesterday that French energy giant Total will have no "active role" in developing a huge gas field in Iran and that a new partner had been found for the project.
Total and Iran's National Iranian Oil Company (NIOC) were to develop phase 11 of the offshore South Pars gas field in the Gulf.
"Total has declared in talks with NIOC that because of sanctions against Iran it cannot have an active role in the project and so a partner has been chosen to transfer the company's stake to," NIOC managing director Seyfollah Jashnsaz was quoted as saying by the official IRNA news agency.
Total and Iran's National Iranian Oil Company (NIOC) were to develop phase 11 of the offshore South Pars gas field in the Gulf.
"Total has declared in talks with NIOC that because of sanctions against Iran it cannot have an active role in the project and so a partner has been chosen to transfer the company's stake to," NIOC managing director Seyfollah Jashnsaz was quoted as saying by the official IRNA news agency.