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South Pars Gas Field upgraded despite sanctions

South Pars Gas Field upgraded despite sanctions

Reuters LONDON, reports on 19 June - The possible withdrawal of French oil major Total from Iran’s South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in talks with Russia’s Gazprom over the development of two other fields. 

 

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Ten companies who left Iran

Ten companies who left Iran

On 6 June 2018, Ellen R Wald wrote in Forbes that when President Trump announced the return of U.S. sanctions on Iran almost one month ago on May 8, there was a great deal of skepticism about how many global businesses would cease operations in Iran or with Iranian agents.  

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Iran warns Total

Iran warns Total

Iran’s Petroleum Minister has said: “As indicated in our agreement, if the French company, Total, withdraws from South Pars 11 gasfield development, China’s CNPC will take over.”

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Iran-Russia sign IPC oil contract

Iran-Russia sign IPC oil contract

The second Iran Petroleum Contract (IPC) to develop joint “Aban” and “West Paydar” oil fields has been signed with Russia. Iran’s Minister of Petroleum stated that this was a special contract, generating USD 4BN in revenue for Iran.  

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Trump unable to stop Iran oil exports

Trump unable to stop Iran oil exports

Iran’s Minister of Petroleum spoke on the comments of the US President Donald Trump to reduce Iran's oil purchases, and said: “These words have had no effect on our country's oil exports to date.”    

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Iran on brink of signing deal with 15 oil companies

Iran on brink of signing deal with 15 oil companies

On 18 October 2017, in an interview with CNBC, Iran’s Deputy oil minister Amir Hossein Zamaninia said Iran was currently negotiating with more than 15 companies from Europe, Russia and Asia. The contracts would open the country to massive oil and gas exploration, development and production.  

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