MOSCOW (MRC) -- French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was ongoing and unaffected following a strike last week and the sinking of a loading buoy in an unrelated accident, as per Reuters.
Traders said on Friday that the company had declared a force majeure on exports of Djeno crude following the incident.
A spokeswoman for Total said: "Exports from Djeno remain unaffected and safely continue with the second available loading buoy," adding that the tanker that was loading at the time of the buoy incident was safely disconnected.
She added that the strike at the terminal ended on Friday, while an investigation into the buoy accident was ongoing.
As MRC informed before, in early July 2017, Total signed a deal with Tehran to develop phase 11 of Iran's South Pars, the world's largest gas field, marking the first major Western energy investment in the Islamic Republic since the lifting of sanctions against it. Total will be the operator with a 50.1 percent stake, alongside Chinese state-owned oil and gas company CNPC with 30%, and National Iranian Oil Co subsidiary Petropars with 19.9%. The project will have a production capacity of 2 billion cubic feet per day, or 400,000 barrels of oil equivalent per day including condensate, Total said in a statement, adding that the gas will supply the Iranian domestic market starting in 2021.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
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