Middle East Economic Survey

VOL. XLVII

No 50

13-December-2004

IRAN

Total And Petronas Agree Framework Terms With NIOC For South Pars Phase 11/Pars LNG

Total and joint venture partner Petronas have concluded a framework agreement with the National Iranian Oil Company (NIOC) setting out the main commercial terms for the integrated South Pars Phase 11 gasfield development and Pars LNG export scheme. In a press statement issued on 7 December, Total said: In particular, this agreement organizes the...