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Total, Statoil pursue oil deal with Iran

The Norwegian oil company Statoil and the French firm Total have signed a pledge not to divulge confidential information about Iranian oil fields offered for development, IRNA reported from Tehran quoting the local press.

The English-language newspaper 'Iran News' quoted Nasrollah Ebrahimi, the director for legal affairs at the Petroleum Engineering and Development Company (PEDEC), as stressing that all bidders for Iran's oil projects required to sign the pledge for keeping the information secret before receiving any data on the projects.

"The companies applying for development of Iranian oil fields should sign a pledge to keep the information secret in order to be allowed to bid for contribution to Iranian projects," Ebrahimi said. "In certain circumstances, classified information about oil deals becomes specially important and the deals are drafted in accordance with the data."

Ebrahimi further stressed that the recent developments in Statoil had not undermined the activities of the company in Iran.

"The relations between a company and its host nation are damaged when the company violates the regulations of its country of origin to bring about restrictions for its activities in the host country," Ebrahimi stressed.

... Payvand News - 11/18/03 ... --

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