French Oil Giant Seeks 50% Stake In Iran’s $4B South Pars

By Damir Kaletovic Total signed a preliminary deal for the project last year, and today stated its intentions in a regulatory filing with the U.S. Securities and Exchange Commission (SEC). The move makes Total the first Western supermajor to sign a deal with Iran on energy following the easing of sanctions. According to Total’s SEC filing, the company would finance 50.1 percent of the South Pars 11 project, which requires a total investment of US$4 billion. If this deal goes through, Total would be the operator of the project, while China’s CNPC would…

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