Posts Tagged “total”

Iran’s oil export hit 2.1 mbd in March 2018

Iran’s oil export hit 2.1 mbd in March 2018

Exports volume for Iran’s crude oil stands at two million and one hundred thousand barrels per day (mb/d) in March 2018. The figure is expected to increase in April 2018. China and India are the largest buyers of Iranian crude, with more than one million barrels in total. The figure is expected to reach nearly…

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Maersk talking for develop Iran’s South Pars

Maersk talking for develop Iran’s South Pars

National Iranian Oil Company (NIOC) announced that negotiations with Denmark‘s Maersk Group over the development of South Pars oil production project is underway. “Parallel talks have started with other multinationals to undertake the megaproject,” said Karim Zobeidi, the head of a special department at NIOC that oversees the performance of reservoirs, ISNA reported. Pointing to…

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European giants bidding for Azadegan oil field

European giants bidding for Azadegan oil field

Iran says a host of European giants are bidding for the development of its South Azadegan oil field – which was once considered as the world’s biggest oil find after it was discovered over 15 years ago. Nouroddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company of Iran, told the domestic media…

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Iran Needs $200b for Developing Oil industry

Iran Needs $200b for Developing Oil industry

Iranian Minister of Petroleum Bijan Zangeneh says Iran will need 200 billion dollars for financing oil and gas projects under the 6th development plan of the country. Speaking after a ceremony to sign a deal between National Iranian Oil Company (NIOC) and an consortium comprising Total, China’s CNPC International and Petropars in Tehran on Monday,…

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Report: What Total’s $5b investment means for Iran

Report: What Total’s $5b investment means for Iran

By Karen Gilchrist: Iran signed a $5-billion deal with a consortium led by French oil company Total on Monday to develop the giant South Pars Gas Field — the world’s largest natural gas field. The deal is the Islamic Republic’s first with a European oil company in more than a decade, marking a major milestone…

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Iran signs $5b gas deal with Total+Photo-Video

Iran signs $5b gas deal with Total+Photo-Video

Iran signed a multibillion dollar deal on Monday with French oil giant Total and Chinese state oil company CNPC to further develop the country’s giant South Pars Gas Field in cooperation with Iran’s Petropars. The first major Western energy investment since sanctions against Tehran were lifted will cost up to $5 billion, with production expected…

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Petronas rivals Total, Shell in Iran

Petronas rivals Total, Shell in Iran

NIOC and Malaysia’s PETRONAS (Petroliam Nasional Berhad) will ink an MoU this week on development of Cheshmeh Khosh and South Azadegan oilfields. Following the inking of Memoranda of Understanding (MoUs) for conducting developmental studies in Azadegan oil field with France’s Total, Britain’s Royal Dutch Shell and Inpex Corporation of Japan, a cooperation agreement will be…

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France Total to install SP Phase 11 pressure booster station

France Total to install SP Phase 11 pressure booster station

France’s Total will equip Phase 11 of South Pars Gas Field with a pressure booster station to regularly pump two billion cubic feet of gas per day for nearly 20 years as part of a deal between Tehran and the French energy giant. Oil Minister Bijan Namdar Zanganeh told Tasnim News Agency on Monday that…

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France’s imports from Iran skyrocket in 2016

France’s imports from Iran skyrocket in 2016

France’s imports from Iran in the first nine months of 2016 show a staggering 34-fold rise compared to the corresponding period last year, thanks to resumption of oil imports after coming into force of the Iran’s nuclear deal with world powers, known as the Joint Comprehensive Plan of Action (JCPOA). Iran-France trade has tripled since…

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Iran sign 3 oil MoUs with Total and Shell

Iran sign 3 oil MoUs with Total and Shell

National Iranian Oil Company (NIOC) will sign into three accords with France’s Total and Royal Dutch Shell over development of three oil and gas fields of Iran. Following the signing of an Agreement in Principle (AiP) with France’s Total S.A. company on development of South Pars Phase 11, the French firm will seal two more…

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