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Date: Saturday, July 08, 2017
Monday's signing marked total with the international investment security return to Iran
Tehran, (POGC). “Today, for Total, is a historic day, the day we come back to Iran,” Total's CEO Patrick Pouyanne said at the signing contract ceremony in Tehran.
“We are not a political organization, but I hope this agreement will encourage other companies to come back to Iran, since economic development is also a way of peace making,” he told AFP. “We are here to build bridges, not walls,” he added.
At the signing on Monday, Pouyannealso said “Total has a long history in Iran,” pointing to its development ofSouth Parsphases 2 & 3 in the 1990s.
Referring to Total history in Iran, he emphasized that a good background we have had in our cooperation with Iran, encouraged us to continue this cooperation, and we did our best to conclude this contract.
He mentioned that this contract can play a crucial role in the developing relationship of Europe with Iran. Pouyanne added "this 20- year contract would enhance investment security for investors of other countries. It also encourages international investors to securely invest in Iran as a result of current investment security."He stated that "he is proud about the return of this international company to Iran. He added, we were able to conclude the phase 11 agreement with the support of the presidents of both countries within 18 months.
While commending Pars Oil and Gas Co., National Iranian Oil Company, and China National Petroleum Corporation for cooperation andefforts to conclude thiscontract, Pouyannepointed out that he discussed withMr. BijanZangeneh, the Iranian Petroleum minister during the 172th session of Organization of Petroleum Exporting Countries (OPEC) who invited Total to return to Iran and I am now pleased to say that I lived up to my promise.
According to Pouyanne, this contract could help to boost Iran's relation with Europe, since its duration is 20- year which could provide investment security to other countries.

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