Wednesday Jan 16, 2019

PetroEnergy Information Network

Saturday / 8/11/2018 12:00:00 AM / 22:08
Service : Oil
News Id : 284109
Reporter : 691

Iran Phase 11 of the South Pars Gas Agreement Terms Unchanged Yet

(Saturday, August 11, 2018) 22:08

TEHRAN (Shana) --A senior official at the National Iranian Oil Company (NIOC) said no changes had been made in the terms of Iran's multi-billion-dollar agreement with a French energy major Total-led consortium developing Phase 11 of the South Pars gas field.

"Members of the consortium in charge of developing Phase 11 of South Pars will accomplish their roles as set forth in the provisions of the agreement and no modifications have hitherto been made to the provisions of the contract," Mohammad Mostafavi, NIOC director of business and investment, told Shana. 

He was reacting to speculation that China's state-owned energy major CNPC had reportedly taken over the share held by Total.

"In case any changes are made to the provisions of the agreement, necessary notification will follow," he said.

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