"We are proud and honored to be the first global company to sign an Iranian Petroleum Contract, which offers an attractive commercial framework, following the 2015 worldwide nuclear accord and to therefore contribute to the development of relations between Europe and Iran".
"The worldwide agreement for the development of phase 11 of South Pars will be signed on Monday in the presence of the oil ministry and managers of Total, the Chinese company CNPC and Iranian company Petropars", a ministry spokesman told AFP.
IRNA on Monday quoted Kardor as saying that with oil at $50 a barrel, Iran can make $84 billion from the gas deal with Total by the end of the term of the contract.
Total will be the lead operator in a partnership with China National Petroleum Corp. and Iran's Petropars to develop South Pars, a gas field under the Persian Gulf, one of the world's largest. He also held out a hand to United States oil companies, saying his country needs US$200 billion of investment in its oil industry in the next five years to make up for time lost during sanctions. Iran has the world's third largest gas market, bigger than China, with close to 200 bcm consumed in a year.
Total said the gas from the Pars field will supply the domestic market from 2021. Doha calls the field North Field. Total's shares gained 1.7 percent in Paris trading to 44.02 euros at 2:26 p.m. local time.
Hossein Amiri Khamkani, a member of an Iranian parliamentary committee on energy, said he believed Monday's deal "breaks the taboo of American sanctions and opens the way for other companies".
As Total wrote on its website, the project will have a production capacity of 2 billion cubic feet (about 56 million cubic meters) per day of gas or 400,000 barrels of oil equivalent per day including condensate.
"We were here 20 years ago".
Zamaninia said it was the first deal signed based on the Iran Petroleum Contract (IPC) framework. "We're very happy", Pouyanne told AFP when the initial deal was signed in November.
According to an official document, prepared by Iran's oil ministry and seen by NGW, the first phase includes construction of two platforms, drilling 30 wells, stretching five pipelines, a fibre cable and a mooring buoy.
Negotiations between Tehran and oil companies have been further complicated by the election of President Donald Trump in the USA who has been very critical of the agreement reached with Iran over its nuclear program in 2015.
European majors are warming to Iran in the post-sanctions environment.
Trump's administration has taken a tough line on Iran and imposed new US sanctions related to its ballistic-missile program and military actions in the region.
"The company has expressed willingness (about investment in Iran) and negotiations continue in this regard", he added.
Ranbir Kapoor , lead actor and producer of the musical drama, says the director has maintained the sanctity of the movie. Anurag Basu's directorial, " Jagga Jasoos " began its production in 2014 with actors Ranbir Kapoor and Katrina Kaif .
Griffin said the two studies show that more needs to be done to understand the potential effects of marijuana on driving ability. Colorado saw the biggest estimated increase in claim frequency compared to its control states, according to the institute.
Blue Apron will be one of the first of the so-called subscription services to go public, a watershed moment for the industry. But a new SEC filing shows the company now plans to sell shares at $10 to $11 each.
The new variant has a Files app, searchable handwritten notes and new productivity features using Apple Pencil . The iOS 11 also brings HEVC for video recording at high quality while consuming less space.
Jay-Z is now a major shareholder in the company, along with Sprint, which purchased 33 percent of Tidal in January 2017. The issue was not resolved amicably, apparently, and Tidal has now threatened to sue him for breach of contract .
Under the current plan, it is no longer purchasing Rite Aid at all, but merely acquiring stores and other assets from the company. The Pharmaceutical Wholesale division recorded quarterly sales of $5.3 billion, down 7.9% year over year (up 3.7% at CER).
Erdogan has said Turkey would not flinch from taking tougher action against the YPG in Syria if Turkey believed it needed to. CNN broadcasted a sneak peek of the streets of Raqqa: the ISIS terrorist organization's crumbling capital city in Syria .
On June 23, a list of demands prepared by Arab countries had been handed over to Qatar through Kuwait with a deadline of ten days. Trump "reiterated the importance of stopping terrorist financing and discrediting extremist ideology", the statement said.
Warsh also hinted that the Fed could eventually be at risk of being dismantled if it doesn't make needed changes from within. Fed officials will decide next week whether to approve banks' plans to pay dividends and repurchase shares.
Murray will be fit to play, insists Lendl
Even if he's healthy enough to play at Wimbledon, his lack of preparation on grass prior to the event is a concern. Aches and pains are nothing new for Murray, or for any professional tennis player, but the timing is inopportune.
House backs bills targeting illegal immigration
He said that Steinle needlessly died, and that sanctuary policies send a message that immigration laws can be ignored. While both bills are likely to pass in the House, it is unclear what fate awaits this legislation in the U.S.
Crews gain control of Southern California's Placerita Fire
The Utah fire began near the ski resort town of Brian Head , generally known for weekend getaway homes for Las Vegas residents. Overnight, hand crews, backed by bulldozers, were going to try to get more line around the fire to stop it from spreading.
Feds Sanction Chinese Bank Linked To North Korea
The Treasury said the two individuals have been linked to front or cover companies on behalf of North Korean institutions. But Beijing has repeatedly said it's influence is limited and that it is doing all it can.
New Zealand wins 5th straight vs Oracle in America's Cup
Spithill said Oracle made too many changes to the boat to mention. "We're frustrated with race one", Spithill said. Both teams say they've a lot more in the tank and both were planning extensive reviews of their performances.
Korea may get North to co-host Olympic ski events
According to the Korea Herald , he will discuss the possibility of North Korea hosting competitions at the Masikryong ski resort. South Korea considered sharing some events at the Seoul 1988 Olympics with the North.
Google will no longer read your emails for Gmail ads
The Mountain View, California, company said it would stop the ad-driven scanning of Gmail later this year . The value of Gmail is tremendous, both for G Suite users and for users of our free consumer Gmail service.