iPhone | iPad
Android
Huawei
He faces a mandatory minimum 15-year prison sentence and up to life behind bars if convicted of the three felony counts
KT APPDOWNLOAD
Iran, Total to sign much-delayed gas deal: report
TEHRAN - Iran and Total of France are to sign a much-delayed deal to develop a key natural gas field, a report said.
The Mehr news agency quoted National Iranian Oil Company managing director Seyfollah Jashnsaz as saying Wednesday that the five billion dollar deal would be signed by March 20 to develop the phase 11 of the South Pars gas field located in the Gulf.
Iran has the world’s second largest natural gas reserves.
“The development of the South Pars gas field phase 11 in the upstream sector and the construction of an LNG (liquified natural gas) plant in the downstream sector will be Total’s responsibility,” Jashnsaz said.
The development of the gas field has been pending for nearly five years since an initial agreement to undertake the project was signed in 2004 between Total, National Iranian Oil and Petronas of Malaysia.
The delay wass caused by a rise in cost of the project and international sanctions on Iran for pursuing sensitive nuclear activities. Western governments have pressed international firms to cut ties with Iran. The West accuses Iran of seeking nuclear weapons, a charge vehemently denied by Tehran.
In July 2008 Iranian media reported that Total had withdrawn from the project, saying investments in the Islamic republic were ”politically risky.”
On Wednesday Jashnsaz said Total had “never cut its relations and cooperation with NIOC.”
The South Pars field has around 500 trillion cubic feet (14 trillion cubic metres) of gas, which represents about eight percent of world reserves.
More news from
Crushers GC and Dubai-based Anirban Lahiri claim team title at Bolingbrook Golf Club in Illinois
‘I need to perform at my best and hopefully have options moving forward,’ says the 24-year-old golfing talent
At least two women in Georgia have died after they could not access abortion-related medical care in their state, claims a news outlet
The patient who initially hesitated to seek medical advice visited the doctor again after heavy menstrual bleeding, and fear that the fibroid would impact fertility
How a former cheerleader from the Philippines is inspiring women in golf to embrace life's challenges and to be kind
Arthritis, a condition characterised by joint inflammation, is particularly common in individuals over 50, often leading to pain and stiffness
'I want to build a 'LinkedIn' for people with disabilities,' says Hafsa Qadeer, whose social enterprise 'ImInclusive' recently organised the UAE's largest career fair for Emiratis of determination