Total deal unlikely to be scuppered by Iranian MPs

By Verity Ratcliffe 12 July 2017
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Total CEO Patrick Pouyanné (left) meets Iranian President Hassan Rouhani. (PA) Total CEO Patrick Pouyanné (left) meets Iranian President Hassan Rouhani. (PA)

Opponents of Iranian President Hassan Rouhani have criticised a deal signed with Total, China National Petroleum Corp. and Petropars for the development of Phase 11 of the South Pars gas field. However, the move is unlikely to affect the project, experts said at an Iranian oil and gas summit in Italy this week.

A hardline member of Iran’s parliament, Hossein Ali Haji-Deligani, described the deal as "one-sided and to the advantage of the other parties", and has called for a revision of the contract, according to Tasnim news agency. Several MPs and opposition government figures, including an ex-oil minister, have called for parliament to consider voiding the contract.

However, the companies that were awarded the South Pars contract have no need to worry, according to Sara Vakhshouri, president of SVB Energy International, speaking at the Fifth Iran International Oil, Gas, Energy & Petrochemical Summit 2017 in Rome on Tuesday.

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