Total’s Managing Director for Middle East Projects Philippe Rochoux highlighted
He further expressed hope that the existing cooperation between the Iranian Oil Ministry and Total SA would further boost.
Total has a memorandum of understanding with the state-owned National Iranian Oil Company to develop Phase 11 of the huge South Pars field but the project has been overshadowed by haggling over contract terms, according to Reuters.
Seyfollah Jashnsaz, head of the National Iranian Oil Company said in March, “We are not happy with the work Total has done on Phase 11 in South Pars. Unfortunately this company has wasted time and our national project has been delayed”.