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Total to Resume Cooperation with Iran’s Oil Industry

“National Iranian Oil Company welcomes the expansion of cooperation with Total,” Rokneddin Javadi was quoted as saying by Shana after a meeting with Arnaund Breuillac, the president of Exploration & Production at Total Company.

“Total has already voiced preparedness to sign new contracts with Iran,” he added.

Also, Arnaud Breuillac of Total in separate conversations with Iranian Oil Minister Bijan Namdar Zanganeh, NIOC managing director Rokneddin Javadi, and Mehdi Hosseini, the head of Iran’s oil contracts workgroup, announced Total’s readiness to cooperate in Iran’s oil industry in a range of fields including exploration, production enhancement, oil selling, Liquid Natural Gas (LNG) production and marketing, and petrochemical industry.

“Total wants to resume cooperation with Iran’s oil industry,” Breuillac said in the meeting.

Last Friday, Javadi announced that Iran will introduce its new oil contracts in early November in Tehran.

“The first phase of contracts will be unveiled in November in Tehran and a follow-up conference will be held in one or two months in London,” he told reporters

“Total has been present in Iran’s oil projects for more than 20 years and in view of the intent expressed by the French, a new door is supposed to open for the expansion of the company’s activities in developing Iranian oilfields,” Zangeneh had said after meeting Fabius on July 30.

There are hopes that the participation of French top companies such as Total and Peugeot would help restore business relations between Iran and France – a country which took a tough line on Iran during nuclear discussions.

By Shiva Parizad
Reporter
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