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UPDATE 1-Total CEO says Iran South Pars talks at standstill

Fri Jul 3, 2009 10:53pm IST
 
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* Talks on South Pars "not broken, not resumed either"-CEO

* Negotiations with Iran "not very advanced"

* Baghdad, Total doing best to find solutions for oil deals

* Total has not changed its mind on increasing Areva stake

By Marie Maitre

AIX-EN-PROVENCE, France, July 3 (Reuters) - Total's (TOTF.PA: Quote, Profile, Research) negotiations with Tehran on a multi-billion dollar contract to develop a major Iranian gas field are at a standstill, the head of the French oil major said on Friday.

"They (negotiations) have not been broken and they have not been resumed either. They are not in a very advanced state," Chief Executive Christophe de Margerie told journalists on the sidelines of an economic forum in southern France.

Last month, the official Iranian news agency IRNA said Tehran had signed a $4.7 billion contract with China National Petroleum Corporation (CNPC) to develop phase 11 of South Pars, replacing Total which it had accused of delays.  Continued...

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