21448
Total Eyes LNG, Oil Projects
Energy

Total Eyes LNG, Oil Projects

French energy company Total is eying liquefied natural gas and oil projects in Iran, Russian business daily Kommersant cited Total’s chief executive Patrick Pouyanne as saying.
“We are looking at both gas and oil. When we had to leave Iran in 2006, we were actively working at an LNG project at South Pars Gas Field. So, first of all, we are closely looking at LNG projects,” he told the paper in comments published on Friday, TradeArabia reported.
Iran has the long-term potential of becoming one of the world’s top gas producers, thanks to its 34 trillion cubic meters of natural gas reserves, or around 18% of the world’s total.
Iran and six world powers reached a landmark nuclear deal on Tuesday, clearing the way for an easing of international sanctions on Tehran and higher oil exports.
Pouyanne told the newspaper that Total’s participation in Iran’s oil and gas development would depend on the terms that Tehran offers to foreign investors.

Short URL : http://goo.gl/7ROM6J

You can also read ...

The volume of water Iran receives from Hirmand has decreased to 2-3 million cubic meters from 150 mcm.
Energy Minister Reza Ardakanian said by building dams on...
Iran has been actively looking for ways to drop the US dollar in its international trade transactions.
Russia and Iran have launched an oil-for-goods exchange...
S. African Firm Launches Solar Plant in S. Khorasan
Phelan Energy Group, a South African solar power developer,...
Total to Tough It Out in Venezuela Despite Challenges
French oil major Total is sticking it out in Venezuela despite...
Crude Prices Recover After Sliding on Trump's OPEC Criticism
Oil prices edged up on Friday, stabilizing after an earlier...
Gazprom, Aramco to Boost Gas Cooperation
Russia’s state-controlled giant Gazprom and Saudi Aramco have...
Petrochem Output Hits 55m Tons
Iran's 57 petrochemical complexes produced nearly 55 million...

Trending

Googleplus