MOSCOW, July 17 (Reuters) – French energy company Total is eyeing liquefied natural gas (LNG) and oil projects in Iran, Russian business daily Kommersant cited Total's Chief Executive Patrick Pouyanne as saying.
"We are looking at both gas and oil. When we had to leave Iran in 2006 we were actively working at an LNG project at South Pars (field). So, first of all, we are closely looking at LNG projects," he told the paper in comments published on Friday.
Iran has the long-term potential of becoming one of the world's top gas producers, thanks to its 34 trillion cubic meters of natural gas reserves, or around 18 percent of the world's total.
Iran and six world powers reached a landmark nuclear deal on Tuesday, clearing the way for an easing of international sanctions on Tehran and higher oil exports.
Pouyanne told the newspaper that Total's participation in Iran's oil and gas development would depend on the terms that Tehran offers to foreign investors.
(Reporting by Vladimir Soldatkin; Editing by Dale Hudson)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you