Middle East Economic Survey


No 18



Petronas Negotiating With Total To Exit Pars LNG Venture

Malaysias Petronas has begun negotiations with Total to exit a partnership set up to take on the integrated South Pars Phase 11 development and Pars LNG export scheme, MEES understands. Total and Petronas signed a framework with the National Iranian Oil Company (NIOC) last year, setting out the main commercial terms for developing Phase 11 of the South Pars gasfield in an...