Exploration & Production

Total deal unlikely to be scuppered by Iranian MPs

Opposition from some Iranian politicians to the deal to develop South Pars Phase 11 is unlikely to derail the project, analysts say Opposition from some Iranian politicians to the deal to develop South Pars Phase 11 is unlikely to derail the project, analysts say.
By Verity Ratcliffe 12 July 2017 0 26726
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...