MNA The Iranian Parliament has approved the motion to question Oil Minister Bijan Namdar Zanganeh on a case related to contracts with Frances Total. At the end of todays open session, the Parliaments presiding board approved the proposal by an MP to summon Zanganeh over Totals corruption case. The veteran minister will be summoned to the Parliament ...

Reuters - A Paris court fined French oil and gas group Total (TOTF.PA) 500,000 euros ($570,000) on Friday for bribing foreign public officials in a case related to Iranian contracts in 1997. Total, was charged with paying $30 million under the cover of a consultancy contract to facilitate a deal for the South Pars gas field more than two decades ...

Tasnim Iranian Oil Minister Bijan Namdar Zanganeh said the China National Petroleum Company (CNPC) has officially replaced French company Total which has backed out of a deal on development of Iran's South Pars gas field. The CNPC has formally replaced Total in the project on development of South Pars gas fields phase 11, Zanganeh announced on Sunday,...

Sputnik - In August, Iranian Oil Minister Bijan Zanganeh said that the French company had officially withdrawn from the agreement on the development of the South Pars 11 project. Total President and CEO Patrick Pouyanne said Wednesday that there was no possibility ofresuming work inIran because the US sanctions threaten the firm. "The ...

SHANA -- Iranian Minister of Petroleum Bijan Zanganeh said Total was not expected to pay a fine to Iran, but the amount that the company had already spent in South Pars Phase 11 project would not be repaid until the project becomes operational. According to ICANA, Iranian parliament's website, the official said the French company did not have any ...

MNA Spokesperson for the Energy Commission said Tue. that all equipment and investment by Total in developing Irans South Pars project will remain in the country despite the French energy giants exit. Asadollah Gharehkhani, Spokesperson for the Energy Commission at Irans Parliament, said Total terminated a contract to develop Phase 11 of Irans ...

Bloomberg | Mohammed Sergie: Total SAs withdrawal from Irans giant South Pars gas field has given China another chance to secure a stake in the worlds most coveted energy assets: abundant and low-cost Middle Eastern oil and gas. Chinese companies have invested in Iraq, the United Arab Emirates and Iran in recent years, and have expressed interest ...

Reuters - Irans oil minister said on Monday that Frances Total has officially left Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian state TV reported. The process to replace (Total) with another company is underway, Bijan Zanganeh was quoted as saying, adding that Total was no longer ...

S&P Global Platts - Total is awaiting a decision by China National Petroleum Corp. on whether it will take over its stake in the development of Iran's giant South Pars natural gas field, the company said Monday. The French company's potential exit comes against the backdrop of the threat of US sanctions on Iran forcing international companies ...

SHANA - A senior Iranian oil official says French energy major Total is still part of a contract aimed at developing phase 11 of the supergiant South Pars Gas Field in Iran. Deputy Petroleum Minster for Legal and Parliamentary Affairs Shojaoddin Bazargani said Total has not officially pulled out of the project and a notification by the Iranian Ministry ...

Bloomberg | Golnar Motevalli: China National Petroleum Corp.is expected to take the lead on a $5 billion project to develop Irans share of the worlds biggest gas deposit, taking over from FrancesTotal SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic. State-owned CNPC, which had joined an original ...

Reuters - A gas field development contract with Frances Total (TOTF.PA), and Chinas state-owned CNPC remains unchanged, a senior Iranian oil official said according to the oil ministry news agency SHANA on Saturday - hours after state new agency IRNA quoted him as saying CNPC had taken Totals share in the project. The role of the members of the ...

Reuters - New U.S. sanctions against Iran took effect on Tuesday, and President Donald Trump, who defied Washingtons allies to impose them, pledged that companies doing business with Tehran would be barred from doing business with the United States. Following are comments and responses from companies in Europe which last year did far more business ...

Tasnim Iranian holding company MAPNA Group voiced readiness to take over a project on development of the countrys South Pars gas field as French company Total has backed out of its contract with Iran for fear of the US sanctions. In an interview with Tasnim, CEO of MAPNA Abbas Aliabadi said his holding is prepared to carry out the unfinished project ...

MNA Chief Executive of Frances Oil Major Patrick Pouyann said that his company left Iranian South Pars Gas Field since it could not receive US sanctions waiver. There is no other way than to leave Irans lucrative project, he said, adding, you cannot operate in 130 countries in the world without accessing to US financial system. Therefore,...

MNA French energy giant Total has yet to permanently pull out of Iran following the renewal of US sanctions, but CEO Patrick Pouyanne sounded a pessimistic note about his company's prospects in the country. Total positioned itself to develop a portion of the world's largest natural gas field after the 2015 Iran nuclear deal lifted punishing ...

Press TV- A senior official says Irans development of the South Pars field has not halted despite French oil and energy company Totals plan to withdraw from the project. Chinas CNPC will take over as the operator if Total quits and in case both companies leave the project, Irans PetroPars will undertake the development work, deputy head of the National ...

MNA A member of Parliaments Energy Committee said Mon. that Iran would seize Totals investment revenues if the French company fails to return to the South Pars project before the deadline. Speaking to Mehr News correspondent on Monday, Behrouz Nemati said Total has not yet officially left the South Pars 11 project, adding as far as we know, ...

Bourse and Bazaar | AFP: French oil major Total said Friday the probability of winning an exemption from US sanctions against Iran to continue a major gas field project was very faint. The energy giant had already warned that, unless Washington granted it a waiver, it would pull out of the South Pars 11 project which it started in July 2017, two ...

Tasnim Iranian Oil Minister Bijan Namdar Zanganeh said French energy giant Total has a time limit of 60 days to negotiate with the US about its major deal on the development of Irans South Pars gas field. Zanganeh said Total and the French government can hold talks with the US in the next two months to see whether or not the company wouldstay in ...