Iran's policy to counter oil sanctions is working
Serene Cheong writes in Bloomberg Iran’s own fleet of tankers may provide a lifeline for its crude and condensate exports that’ll be slashed as U.S. sanctions against the Persian Gulf nation take hold.
Total departure from Iran is official
Iran’s Petroleum Minister announced the official withdrawal of the French Total company from the South Pars 11 oilfield project in Iran.
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.
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.”
China ready to replace Total in Iran
BEIJING (Reuters) reports that China’s state-owned energy major CNPC is ready to take over Total’s stake in the giant Iranian South Pars gas project if the French company leaves amid newly announced U.S. sanctions, industry sources said.
Zangeneh: Iran to take legal steps against Pakistan
Iran’s Minister of Petroleum has stated that the expansion of gas fields is continuing in cooperation with domestic and foreign companies, and added: “We are unable to speak about the agreements which will be concluded soon, because we are worried about obstructions.”
SPOL total output crosses 2.5m barrels
Production of crude oil from the oil layer of the supergiant South Pars Gas Field has exceeded 2.5 million barrels.