VOL. XL

No. 40

6-October-1997

IRAN

Total's South Pars Deal Breaks New Ground

MEES Associate editor Anne-Marie Johnson describes and assesses the ground-breakingdeal for the development of the South Pars gas field between Iran's NIOC and France'sTotal.

Ending months of speculation, Total and the National Iranian Oil Company (NIOC) havefinally signed a contract valued at $4bn covering the second and third phases of themammoth South Pars gas field development program. The deal not only represents...