Offshore

Total prepared to abandon USD 5 billion deal for Iranian gas field

French oil major Total will abandon its investment in a gigantic gas field in Iran, unless it can get assurance that it will not be hit by US sanctions. The oil company is concerned about losing access to capital in the US.
Arkive photo | Photo: Total
Arkive photo | Photo: Total
by NIKLAS KRIGSLUND

Total is ready to withdraw from a huge deal for an Iranian gas field, unless it can get assurances that it will not be hit by US sanctions.

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