FRENCH FORGE DEALS FOR PERSIAN GULF PROJECTS

06/10/1991
Total Cie. Francaise des Petroles and Ste. Nationale Elf Aquitaine, France's two major oil companies, have disclosed three major development deals in the Persian Gulf area. Total will develop part of Qatar's huge North offshore field to provide feed for a $2 billion liquefied natural gas export chain to Japan due to start up in 1997. The company also signed a letter of intent with National Iranian Oil Co. (NIOC) that could lead to development of two offshore oil fields in the Sirri area near the Gulf of Hormuz. Advance payment for purchases of crude from Iran are also covered by the agreement. ...
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