Code: 622320 A

Minister of Petroleum Bijan Zanganeh said French company ‘Total’ has not announced anything over walking away from the South Pars field due to Washington's exit from Iran's nuclear deal.

Talking to reporters on the sidelines of his meeting with visiting Turkmen Foreign Minister Rasit Meredow, Zanganeh said the two countries are set to settle their gas disputes through negotiations.

He described his meeting with Meredow, which was mainly focused on fostering mutual cooperation in oil and gas fields, as positive.

Thanks to the positive stance of the Iranian and Turkmen presidents on continuation of mutual cooperation, he said, adding that such issues would be discussed by experts of the two countries aimed at fostering all-out ties.

He added that Iran has resumed a scheme that involves swapping Turkmenistan’s natural gas to Azerbaijan since the start of the current Iranian calendar year (started March 21, 2018).

In the meantime, Mohammad Meshkinfam, the managing-director of Pars Oil and Gas Company, said Total will continue to cooperate in development of Phase 11 of Iranian giant South Pars Field.

He added that Total has made $90 million of investment in the project.

Referring to the US withdrawal from Iran nuclear deal, the official said: 'Our relations with Total are based on contract and mutual respect and I don't think we will have any problem in this regard.'

'Given the position of European Union on the US exist from Iran nuclear deal, there will be no problem about development of Phase 11 and Total will continue with its activities in Phase 11,' he added.

Meshkinfam said that the necessary measures have been adopted for actions taken by Total and other partners in the development of Phase 11.

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