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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Total    FP   FR0000120271

TOTAL (FP)
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Iranian Oil Minister Meets With BP, Total and Lukoil

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11/26/2014 | 09:31pm CET

By Benoit Faucon

VIENNA--Iran's oil minister met BP PLC (>> BP plc) and Total SA (>> Total SA) on Wednesday, in a sign of renewed interest for the country's oil sector.

International sanctions ban Western oil companies from entering Iran's oil fields. Earlier this week, Tehran failed to reach a final nuclear agreement with world powers, which could have eased such restrictions.

Speaking to reporters, Iranian oil minister Bijan Zanganeh said he met representatives of BP PLC--the first such reported meeting with the British oil giant--and France's Total SA to discuss a possible entry in the country. Total, which was represented by new Chief Executive Officer Patrick Pouyanne, and BP have both previously said they won't work in Iran unless sanctions are lifted.

Separately, Mr Zanganeh also met Vagit Alekperov, president of Russian oil giant Lukoil (>> LUKOIL (ADR)). Speaking to reporters, Mr. Alekperov said that "as soon as sanctions [are] lifted, we are hoping [to] enter" the country. He also said Lukoil would like to participate in bidding round for new oil contracts which is due early next year, but which has been postponed several times.

Lukoil currently hasn't any business with Iran and is present in Western countries which have imposed sanctions.

Mr. Zanganeh was in Vienna for a gathering of the Organization of the Petroleum Exporting Countries set for Thursday.

-Write to Benoit Faucon [email protected]

Stocks mentioned in the article : BP plc, LUKOIL (ADR), Total SA
Valeurs citées dans l'article
ChangeLast1st jan.
BP 0.20% 475 Delayed Quote.-10.13%
LUKOIL - GDR 0.00%-End-of-day quote.0.00%
NK LUKOIL PAO 1.29% 37.55 End-of-day quote.-5.65%
NK LUKOIL PAO --End-of-day quote.
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Financials ($)
Sales 2018 179 B
EBIT 2018 17 047 M
Net income 2018 11 871 M
Debt 2018 20 355 M
Yield 2018 5,15%
P/E ratio 2018 12,30
P/E ratio 2019 11,58
EV / Sales 2018 0,92x
EV / Sales 2019 0,90x
Capitalization 144 B
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Total Technical Analysis Chart | FP | FR0000120271 | 4-Traders
Technical analysis trends TOTAL
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
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Average target price 64,5 $
Spread / Average Target 13%
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NameTitle
Patrick Pouyanné Chairman & Chief Executive Officer
Bernard Pinatel President-Refining & Chemicals
Patrick de la Chevardière Chief Financial Officer
Jean-François Minster Senior Vice President-Scientific Development
Christophe Vuillez Senior VP, Head-Strategy, Development & Research
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