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AFX Europe (Focus): Gaz de France seeks stake in Iran's giant South Pars gas project – report

Mar 14, 2006
PARIS (AFX) – Gaz de France seeks an 8-10 pct stake in developing Phase 11 of Iran's giant South Pars gas field, a 4-5 pct stake in a gas liquefaction plant to be built as part of the project, and a 25 year contract to buy between 2 and 3.4 bln cubic meters of gas per year from the zone, the daily Les Echos said, without citing sources.
The investment involved would be 210-265 mln eur.
Preliminary agreements were reached in December with Total and the Iranian government, with a view toward a final global agreement by mid-year.
Iran has selected Total as one of its partners to develop Phase 11 of the South Pars field. Other partners chosen were Royal Dutch Shell and Repsol YPF.

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