Iran to file complaint against Total

Iran to file complaint against Total

Azerbaijan, Baku, Nov.11/ Trend F.Milad/

Iran is preparing a complaint against the French oil giant Total for a decade-long delay in exploiting the South Pars field's biggest gas layer in the Persian Gulf.

The Iranian officials claim that for a decade the country has been trying to exploit South Pars' biggest gas layer and has failed because Total's plan for the project was incomplete.

As Iran's progress has been delayed, Qatar which shares South Pars with Iran, has gone from producing 500,000 barrels of liquefied natural gas (LNG) to five million barrels in five years.

Mansour Daftarian, head of the Iran Gas Institute which is drawing up the complaint, told the ISNA News Agency in May that the cost to Iran can't be underestimated and Total's actions in South Pars were undoubtedly intentional.

"A year and a half ago, Qatar celebrated its one billionth barrel of oil from Shaheen, South Pars' oil layer," said Mr. Daftarian.

It is while it has taken Iran a century to produce a billion barrels of oil from its Masjed Soleiman field.

Iran is trying to fast track the development of five of its South Pars phases to increase its production from the Persian Gulf field.

Total, the French energy company, has suspended investment in Iran over concerns about rising political risks.

Total has a memorandum of understanding with NIOC to develop phase 11 of South Pars, a giant Gulf project being developed in 25 stages. But in comments to the Financial Times newspaper in 2008, Christophe de Margerie, the chief executive of Total, said it was too risky for the company to invest in Iran in the current political environment.

Total, which helped develop an earlier phase of South Pars, was to develop phase 11 of Iran's giant South Pars gas field to produce liquefied natural gas (LNG) alongside Malaysia's Petronas.

Iran has the world's second-largest reserves of natural gas.

Turkish Presidential Administration: Any aggression against Azerbaijan - aggression against Turkey
Turkish Presidential Administration: Any aggression against Azerbaijan - aggression against Turkey
Demand for Kazakhstan among Turkish job seekers soars
Demand for Kazakhstan among Turkish job seekers soars
Turkey offers international training on combatting desertification
Turkey offers international training on combatting desertification
Loading Bars
Latest
Azerbaijan reports 154 new COVID-19 recoveries
Azerbaijan’s Azersu company opens tender to buy polypropylene fittings
Number of people infected with coronavirus pandemic in Iran exceeds 420,000
Turkish Presidential Administration: Any aggression against Azerbaijan - aggression against Turkey
Russia's COVID-19 cases up 6,148 to 1,103,399
Income growth in Uzbekistan slows down amid COVID-19
Demand for Kazakhstan among Turkish job seekers soars
Value of Iranian mining companies’ shares spike
Kazakhstan's National Bank talks COVID's impact on IT segment, mobile banking in country
128 new COVID-19 infections confirmed in Egypt
Georgia reports 196 new COVID-19 cases
Turkey offers international training on combatting desertification
Eni Turkmenistan Limited opens tender for supply of industrial lube oil
Iran discloses details of cement exports
Azerbaijan’s import of Ukrainian-made products down
First steam unit of Iran's Ferdowsi TPP launched
2 soldiers killed in operation against militants in NW Pakistan
Member of Tbilisi Sakrebulo confirmed with coronavirus
Tehran to host 1st Eurasian exhibition by end of year
Armenia violates ceasefire with Azerbaijan 30 times
Kazakhstan confirms 63 new COVID-19 cases
TikTok hopes three-party agreement between ByteDance, Oracle, Walmart to resolve U.S. concerns
US Department of Commerce postpones TikTok download ban for a week
UNWTO talks ways to restore tourism in Turkmenistan in post-pandemic period
Viola von Cramon: Georgia is moving in right direction, I hope that this tradition will continue at 2020 elections
About 9,000 migrants on Greece's Lesbos move into tent camp after fire
UK's Johnson to levy 10,000 pound fine on COVID-19 rule-breakers
Canadians urged to take action against spread of COVID-19 as caseload reaches 141,911
Death toll from COVID-19 in Brazil over 136,000
UK daily coronavirus cases hit four-month high with 4,422 more cases
Trump says he’s approved Oracle deal for U.S. Tiktok
Iran's Zarif says world should oppose U.S. sanctions or expect same
Rolls-Royce plans to raise up to £2.5 billion as COVID-19 bites
Moscow's death toll from confirmed coronavirus cases rises by 13 - crisis center
Turkey reports 1,538 new COVID-19 cases, 68 deaths
Tajikistan decreases export volumes to Kazakhstan
Police clash with protesters at anti-lockdown demonstration in London
Georgian PM: Our victory must be an economically strong, educated, fair and European state
Iran's Persian Gulf Bid Boland Gas Refining Company declares amount of revenues to be received
Uzbekistan’s car manufacturing company to issue shares for public offering
Trump says he will name Supreme Court successor to liberal Ginsburg 'without delay'
Commander of Azerbaijani Naval Forces comments on information in social networks about Turkish coordinating officer
Gas transportation in Iran expands
Two dead as destructive storm Ianos hits central Greece
Kazakhstan decreases goods export to Ukraine amid COVID-19
Iran and Turkey's gas trade depends on future exploration in the Black Sea
President: If Azerbaijan had been an independent country then, we could have become the richest country in the world
Poland reports over 1,000 new COVID-19 infections, record high since outbreak
CEC sets coronavirus-related safety guidelines for Election Day
China's economy remains resilient despite external risks, says Xi
Iran's Bahar Azadi gold coin price falling
Iranian Energy Exchange announces products to be on sale September 20
Azerbaijani energy minister stresses importance of co-op within OPEC + format
Ukraine becomes popular destination for Turkish citizens looking for job
General Inspection Organization of Iran strengthen monitoring of banks
Uzbek-Chinese Asia Trans Gas to buy coolant and lubricants via tender
President Ilham Aliyev: The activities of our oil workers serve the interests of the Azerbaijani people
Madrid residents facing localised lockdown doubt curbs will work
TikTok files complaint against Trump administration to try to block U.S. ban
Geostat: Milk, meat production up in Georgia
Germany plans reform to avoid bankruptcy wave due to corona
Turkey decreases value of trade with Turkmenistan
Iran`s Rana Plus car to be launched in October
Uzbek-Chinese Asia Trans Gas to buy air filters via tender
President Aliyev: Key part of Azerbaijan's economy associated with oil and gas sector, and this to be case for many years to come
Azerbaijani president: New phase beginning for Absheron gas condensate field
Azerbaijan confirms 177 more COVID-19 recoveries
EU's share in total import of Azerbaijan up
Azerbaijan's eight-month export of gourds shows uptick
Azerbaijani startup launches new project for automating calculations of repair services
Iranian official: neither side fulfills their obligations in nuclear deal
Iran reveals amount of loans issued to manufacturing enterprises
Update on ski resort construction in Uzbekistan
Azerbaijan expecting inflation decrease by end of 2020
Bank of Georgia raises funds from Citibank to finance trade
Azerbaijani community: Armenia to be held responsible for massacre in Khankendi (PHOTO)
Iranian President expresses concern over people ignoring health protocols
Deaths from coronavirus exceed 24,000 in Iran
Turkmenistan increases imports of steel from Turkey
Iran Export Guarantee Fund`s support for exporters doubles
Kazakhstan's cargo transportation volumes decrease
Trial of social distancing rules on 2 Iranian airlines
Turkmenistan’s Exchange to be transformed into joint-stock company
Buy/sell operation at Iran Mercantile Exchange disclosed
Capital of banks in Iran announced
President Ilham Aliyev attends groundbreaking ceremony of Absheron field offshore operations (PHOTO)
Prices of Azerbaijani oil fluctuate
IMF talks Georgia's investment potential
Defense Minister: Azerbaijan Army ready to suppress any provocations of Armenia, undertake strong retaliatory actions
SOCAR applying digital road map for using high technologies
Uzbek Agroindustry and Food Security Agency to buy laboratory equipment via tender
Production of several products in Iran climbs
Weekly review of Azerbaijan's precious metals market
SOCAR gives sneak peek of its new dev’t strategy
Weekly review of Azerbaijani currency market
Georgian Tbilisi to be host city for 2021 ADB’s 54th Annual Meeting
Azerbaijani FM receives head of International Committee of Red Cross Delegation (PHOTO)
IMF, Turkmenistan review indicators for country's state budget
Minister: Georgia shows signs of economic recovery
Active supply of Turkish cement to Italy amid pandemic recorded
All news