NO. 42


France's Total Snaps Up Sirri Offshore Development Deal In Iran

It was hardly surprising last week to see France's Total stepping in to signup with Iran's NIOC for the contract to develop the Sirri-E and A offshoreoilfields in the lower Gulf. With the elimination of its chief rivals Conocohaving been forced to abandon a done deal with NIOC by US presidential edict andShell having bowed out on commercial grounds the French firm had been left aloneand uncontested in...