Middle East

Iran National Iranian Oil Company (NIOC) will award the project to develop phase 11 of the South Pars gasfield to Total and Petronas. Negotiations between the companies over the contract's details were still continuing last month. Total has already completed phases 2 and 3 of the field. BP, Eni and Statoil had prepared competitive bids for phase 11. The $1.2bn scheme is one of three phases at South Pars that NIOC has designated for the country's LNG developments. Total, Petronas and NIOC are already partners in the proposed 8m t/y Pars LNG project. Total's and Petronas' involvement in Phase 11 was seen as essential for Pars LNG to proceed. Meanwhile, the government still plans to develop thr