Total to continue cooperation in Iran's South Pars Phase 11

Speaking on the sidelines of the 23rd International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, Mohammad Meshkinfam, the managing-director of Pars Oil and Gas Company, said on Wednesday that Total has made $ 90 million of investment in the project.

Referring to 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.'

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

'Development of Phase 11 is a priority for us and we will definitely develop it,' the official said, adding, 'If Total remains [with us], we will continue with it, but if it walks away from the development of this phase, China's CNPC will be our number one choice.'

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