IRNA: Iran will sign a contract with France's Total Company on development of phase 11 of South Pars gas field and the LNG production unit. The Persian-language daily 'Abrar-e Eqtesadi' on Saturday quoted Managing Director of Iran's National Oil Company (NIOC) Mehdi Mirmoezzi as saying Total Company won the tender for development of phase 11, adding talks are currently underway to finalize the contract. IRNA

Tehran - Iran will sign a contract with France's Total Company on development of phase 11 of South Pars gas field and the LNG production unit.

The Persian-language daily 'Abrar-e Eqtesadi' on Saturday quoted Managing Director of Iran's National Oil Company (NIOC) Mehdi Mirmoezzi as saying Total Company won the tender for development of phase 11, adding talks are currently underway to finalize the contract.

Good progress has been made in bilateral talks in a way that Total will be committed to carry out engineering affairs and LNG processes by the end of 2006. The final decision on investment will then be made, he said.