Gazprom ready to invest in Iran
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Gazprom's CEO has said that the Russian company is ready to participate in major oil and gas projects in Iran. This comes just days after French Total pulled out of a multi-billion dollar investment in the country.
Gazprom's chief on Sunday assured
"Gazprom will be a cooperative partner for the Islamic Republic of Iran," Iranian state television quoted Alexei Miller, CEO of the Russian state-controlled energy giant, as telling President Mahmoud Ahmadinejad in a meeting in Tehran.
It said he expressed willingness for Gazprom to participate "in big oil and gas projects; in South and North Pars, Azadegan and the
The head of French energy giant Total last week said it was dropping out of a multi-billion-dollar gas investment to develop phase 11 of South Pars, saying it was currently too risky politically to invest in
Western governments have pressured firms to cut their ties with
Ahmadinejad, for his part, said that
The South Pars field in the Gulf has around 500 trillion cubic feet (14 trillion cubic metres) of gas, which represents about eight percent of world reserves.
But the lack of foreign investment has delayed the development the giant offshore field and thwarted
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