Friday, 13 March 2009

Iran swaps total with new partner

Iran says it will replace the French energy company, Total, with a new partner in the current phase of the country’s enormous South Pars gas project.

A top Iranian official said Total would have no “active role” in developing the giant offshore gasfield, adding the company had held up a project key to Iran’s development plans.

“This company has procrastinated in commissioning this national project,” Seifollah Jashnsaz, the director of the state-owned National Iranian Oil Company (NIOC), said on Wednesday, according to the official IRNA news agency.

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