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Total to develop its key activities in Iran

Tehran, July 12, IRNA - Total Group of France announced on Saturday that it has some important activities in Iran and intends to keep and develop them.

"Total has some important activities in Iran and intends to keep and develop them," Head of the Public Relations Department at Total Roya Farhang told IRNA on Saturday.

Farhang provided IRNA with some clarifications on the position of Total concerning Iran and said, "Iran is one of the most important countries for the world's energy market. Therefore Total is interested in future projects concerning the development of South Pars gas field and wants to maintain a long term partnership with the National Iranian Oil Company (NIOC)."

Christophe de Margerie, Total Group chairman, spoke to Financial Times last week during the World Oil Congress in Madrid.

Margerie mentioned that for political reasons important countries like Iran were actually not playing the role they could and that in the current situation it "would be taking to much political risk to invest in Iran".

He said the statement was in no way a statement referring to political events of this week, but unfortunately some US journalists used it in that context.

Concerning the Total Group position on Pars LNG project, Farhang quoted De Margerie as saying that it is out of the question to stop the Pars LNG project and it is also out of the question to abandon the project.

"However it is probably necessary that things get better before investing," Margerie was further quoted as saying.

Farhang quoted Margerie as announcing that constructive talks are continuing with NIOC to agree on a revised plan for the Pars LNG project, including on the development of the phase 11 of South Pars in order to be ready to launch it as soon as conditions allow.

... Payvand News - 07/12/08 ... --

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