Total returns with 4.8-billion-dollar investment to Iran

Countdown to the signing of the $4.8 billion oil contract between Iran and the international consortium led by Total has started. Being the first to be signed in the new format of Iran’s oil contracts which lead to technology transfer to Iran, the Total deal is considered a turning-point to…

Iran petroleum minister, Total CEO meet in Vienna

Minister of Petroleum Bijan Zangeneh and Chairman and Chief Executive Officer (CEO) of French Total Patrick Pouyanné met in the Austrian capital on Thursday prior to the 172nd OPEC conference. The 172nd Meeting of the Organization of Petroleum Exporting Countries (OPEC) Conference is to be held in Vienna within hours…

Minister: Iran in oil swap talks with Rusian company

Minister of Petroleum Bijan Zangeneh says Russian Lukoil Company seeks oil swap deal with Iran and talks on the issue are underway. Zangeneh told IRNA that during recent visit of Russian Energy Minister Alexander Novak to Tehran, no talks had been held on the issue but Lukoil follows the project….