Contents tagged with Total
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U.S. sanctions force French conglomerate Total to withdraw from Iran’s South Pars project
French oil and gas company Total will not continue its obligations in connection with Phase 11 of the South Pars project and is currently working with U.S. and French authorities to explore the possibility of withdrawing from the project, the company’s statement says.
In addition, Total confirms that leaving the project will not affect the target of 5% annual average production growth in the period from 2016 to 2022, Interfax reported.
On May 8, U.S. President Donald Trump announced that …