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Iran’s petroleum minister has called on well-known foreign energy firms to make investment in projects to explore and extract oil resources in Caspian Sea, north of Iran.
The $4.8bn gas deal between Iran and a consortium led by the French energy giant Total over the development of Iran’s South Pars Gas Field has remained a top story in the Iranian media ten days after the signing ceremony.
Iran’s oil minister has criticized a number of lawmakers for their opposition to a recent gas deal between Iran and the French energy giant Total.
There is nothing confidential to the parliament about a recent deal Iran has signed with France’s Total, spokesman for the administration said, recommending the MPs seeking suspension of the deal to bear in mind a law binding the administration to attraction of foreign investment.
Iranian President Hassan Rouhani says a multi-billion-dollar gas deal signed between Iran and French energy giant, Total, will facilitate the “transfer of technological, scientific and managerial experience” between Iran and France.
The National Iranian Oil Company (NIOC) and the French oil giant Total have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field.