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Eurasia
November 3, 2017 www.intellinews.com I Page 22
“Total should not make any excuses at all for refusing to carry out the contract,” he told Tasnim, a news agency linked to the Islamic Revolutionary Guard Corps (IRGC) and thus hardliners.
On October 27, Reuters quoted a Total repre- sentative as saying that the main contract for the development of the 11th phase of South Pars gas field—the largest gas field in the world and shared with Qatar—would be awarded in 2018 after Trump has issued final approval. That might be taken to mean a point after the US president has made the decision to not further interfere with the nuclear deal, something he has warned he might not do if the accord is not fixed to his liking.
It is no surprise to see hardliners, who are op- posed to “imperialist” foreigners doing major business in the Islamic Republic, attack the
investment, even though it might eventually have a value of up to $5bn. But the project delays are now prompting more centrist voices to make themselves heard, with complaints directed at how slowly Total is bringing technicians and the actual investment flow into the country.
Khademi said that Petroleum Minister Bijan Namdar Zanganeh will be called to parliament to offer his explanation for project hold-ups.
Total has a 50.1% stake in the 20-year deal and has said it will put in an initial investment of
$1bn. State-owned CNPC has a 30% stake, while Iranian government-owned Petropars has a 19.9% holding.
South Pars covers an area of 9,700 square kilo- metres, of which 3,700sq km belongs to Iran.
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