According to Russias business daily Kommersant, Totals chief executive Patrick Pouyann has said that his company seeks liquefied natural gas (LNG) and oil projects in Iran.
"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 (field) [in southern Iran]. So, first of all, we are closely looking at LNG projects," Kommersant quoted Pouyann as saying.
Pouyann told the Russian paper that Total's possible participation in Iran's energy sector would depend on the terms that Tehran offers to foreign investors.
The comments follow the recent conclusion of nuclear talks between Iran and the P5+1 countries.
On July 14, Iran and the P5+1 group - the United States, Britain, France, China, Russia and Germany - reached a conclusion on the Joint Comprehensive Plan of Action (JCPOA) in the Austrian capital of Vienna following 18 days of intensive talks over Tehrans nuclear program.
Based on the conclusion, limits will be put on Irans nuclear activities in exchange for the removal of sanctions, including all economic and financial bans, against the Islamic Republic.
Recently, the global ratings agency, Fitch, said in a statement that Iran has the long-term potential to become one of the world's top gas producers, thanks to its 34 trillion cubic meters (tcm) of natural gas reserves, or around 18% of the world's total.
Presently, much of Irans gas production goes to domestic consumption, with exports hardly surpassing 10 billion cubic meters a year but officials expect production to grow 71% in the next four years.
Officials say Irans priority for now is to send its gas to the regional markets via pipelines and resort toLNG and LPG shipments for long hauls.
By Press TV
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