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Code: 4059
Type: News

NIOC opens door to CNPC for Phase 11

Date: Friday, June 05, 2009
Source: IranOilGas.com

National Iranian Oil Company (NIOC) has brought in China National Petroleum Corporation (CNPC) as a potential upstream partner at the Phase 11 Pars LNG project, apparently carrying out a warning to France's Total that it would lose its role in the integrated project if it did not make an early investment commitment.
 
Under what official news agency IRNA described as a "co-operation agreement", CNPC has replaced Total, though the French giant might still be involved in the liquefaction side of the project.
 
Total, which had earlier dismissed reports of an impending Iran-China agreement as "rumours", had no comment following the signing of the agreement in Beijing by NIOC managing director Seifollah Jashnsaz.
 
Details of the agreement between NIOC and CNPC are not known, and the deal does not appearto be a final contract.
 
"The Iranians may be trying to panic Total into making a decision, or the agreement might only involve some form of 'co-operation' or a minority stake," said a source.

 

Related News in 2010:

SP phase 11 to supply ‘Iran LNG’ feed  (Aug 16)
Total still has hopes for SP phase 11  (Aug 08)
A report on Iran oil & gas ties with several countries (Report)  (Jun 16)
South Pars phase 11 FEED to be reviewed  (May 08)
Iran's crude export and fuel import customers (Report) (Apr 17)
Priority of South Pars projects in current year  (Apr 04)
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Related News in 2009:

South Pars phases lingering in urgent need of cash (Dec 23)
POGC MD speaks about South Pars phases (Dec 22)
Total seeks ties with CNPC on South Pars (Dec 22)
Iran still in talks with Total over South Pars (Dec 07)
News In Brief (Oct 12)
Total wills to continue activities in Pars LNG (Oct 11)
Talks on Persian LNG moving ahead (Sep 19)
China’s colorful presence in Iran’s petroleum industry (Report) (Sep 14)
Challenges ahead for Iran’s new oil minister (Analysis) (Sep 13)
Why Iran’s LNG plans hardly moving? (Interview) (Aug 17)
Iran woos China for oil, gas cash (Report) (Aug 03)
NIOC talks with China yards for construction of jack-up rigs (Jul 11)
News In Brief (Jul 07)
Iran remains a key country for Total: de Margerie (Jul 04)
Unrest set to slow Asian firms’ push into Iran (Report) (Jun 29)
NIOC opens door to CNPC for Phase 11 (Jun 05)
Total says has not left South Pars phase 11 (Jun 05)
Pars LNG talks go slow: Total (Apr 11)
News In Brief (Persian Gulf) (Mar 17)
NIOC MD unhappy with Total in phase 11 (Mar 12)

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