TEHRAN - The managing director of the National Iranian Oil Company and the French Total company will sign a $5 billion contract by the end of current Iranian calendar year (March 20).
According to PIN, Seyfollah Jashnsaz said that Total has never cut its relations and cooperation with National Iranian Oil Company.
"The development of the South Pars gas field phase 11 in the upstream sector and the construction of an LNG plant in the downstream sector will be Total's responsibility according to the contract," he added.
"The Anglo-Dutch Shell and Spain's Repsol are also eager to negotiate with Iran," the official noted, adding that the Italian ENIENI company is also talking with Iran regarding phase 3 of Darkhovin oilfield that is expected to be finalized by the end of the current Iranian calendar year (March 20) or early next calendar year.
Jashnsaz went on to say that negotiations with the German e.ON company about investment in Iran's LNG field have started.
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