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Iran says in talks with 27 foreign firms over major oil projects

Iranian Deputy Oil Minister for International Affairs said Tehran is in negotiations with 27 foreign companies over oil projects worth $200 billion.

Iran says in talks with 27 foreign firms over major oil projects


Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said on July 12, 2017, that Tehran is in negotiations with 27 foreign companies over oil projects worth $200 billion.

«I can assure you this (gas deal with Total) isn't the last one,» Zamaninia told CNNMoney on the sidelines of an oil conference in Istanbul, referring to Iran’s recent gas deal with France's energy giant Total.

«We'll see other contracts being made within the next few weeks,» he added.

Zamaninia said Iran was talking to companies in Europe and Asia, including BP, Gazprom and Lukoil, and Malaysia's Petronas, among others.

He did not mention any American companies.

«Many did not say they were waiting for (US) President Trump to sign the waiver, but in reality they did,» said Zamaninia. «After his signature...these negotiations took place.»

On July 3, Total and China’s CNPC struck a $5 billion agreement with Iran to develop its giant South Pars gas field.

The agreement was signed at a ceremony in Tehran attended by Iranian Oil Minister Zangeneh, Total’s CEO Pouyanne and senior officials from China’s CNPC and Iran’s Petropars.

Phase 11 of South Pars gas field will be developed in the framework of the Iran Petroleum Contract (IPC) by a consortium led by Total, which includes the CNPC and Petropars.


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