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 of Petroleum will
follow if it does so anytime in the future.
He said based on the contracts signed between National
Iranian Oil Company (NIOC) and a consortium of Total, CNPC International
and Petropars for developing the project, the French company has not yet officially withdrawn from the deal due to US sanctions on Tehran.
"CNPC International has announced it would
overtake Total's share in the contract if it pulls out," he added, reiterating what was
originally stipulated by the contract.
In case of Total's withdrawal from the contract,
CNPC's share will be 80.1 percent in the project.
In May, Total announced it would abandon the
project if it fails to secure a sanctions waiver from the US government to work in Iran.
The same month, US President Donald Trump said Washington would no longer stay in Iran's nuclear deal and would reimpose sanctions on Tehran.