Re Agreement

Total S.A.
25 February 2004



         Iran: Signature of a shareholder agreement to create Pars LNG


Paris, February 25, 2004 - Total announces the signature of a shareholder's
agreement between the National Iranian Oil Company (NIOC, 50%), Total (30%) and
Petronas (20%) for the creation of a joint venture, Pars LNG. 

This signature is the first step towards the development of a long-term 
partnership between the three companies to produce Liquefied Natural Gas (LNG).

The project is designed for an initial capacity of two trains of 4 million tons
of LNG per year each. The gas will be produced on block SP 11 of the South Pars
gas field on which negotiations are presently underway between NIOC, Total and
Petronas.

For the development of this project, Total will put into practice the company's
expertise in the domain of LNG as well as knowledge of the giant South Pars gas
field, acquired during the construction and entry into production of phases 2
and 3.

                                    * * * * * 

Total is the fourth largest oil and gas company in the world with operations in
more than 130 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals
through its chemicals branch, Atofina. Total has 121,500 employees worldwide.
More information can be found on the company's website: www.total.com



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