What went wrong with Iran-Total gas deal?
A week after signing a deal between National Iranian Oil Company and a consortium, consisting of French Total (with 50.1% share), Chinese NCPC (30% share) and local Petro Pars (19.9% stake), the pressure from inside the country started to rise, especially from hardliners and the Islamic Revolutionary Guard Corps (IRGC). Iran’s Oil Ministry and officials have repeatedly explained the benefits of the signed deal with Total, based on newly designed contract model, called Iran Petroleum Contract (IPC), but the critique was growing further. The ...
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