TEHRAN, Aug. 20 (Xinhua) -- Iranian petroleum minister said Monday that the French Total has officially left the contract with Iran for the development of phase 11 of South Pars gas field, official IRNA news agency reported.
It has been more than two months that Total announced its plan to leave the SP11 project, Bijan Namdar Zanganeh was quoted as saying.
The process of substituting another company is now underway, Zanganeh told the Iranian lawmakers in a parliament session on Monday.
Also, he said that Iran's oil and gas facilities are worn out and the country is in dire need of its renovation.
On May 8, U.S. President Donald Trump announced that the United States would withdraw from the Iran nuclear deal and reinstate sanctions that were in force before the implementation of the landmark agreement.
He has vowed to reimpose oil sanctions against the Islamic republic in early November.
On May 16, Total said it might not be able to continue its gas development project in Iran, unless it gets a waiver from the United States to protect it from reimposed sanctions.
The SP11 project is a gas development project dedicated to the supply of domestic gas to the Iranian market, which was executed on July 4, 2017.
