Iran says France's Total has officially left South Pars deal

Ersin Çelik
12:2920/08/2018, Monday
U: 20/08/2018, Monday
REUTERS
The logo of French oil giant Total
The logo of French oil giant Total

Iran's oil minister said on Monday that France's Total has officially left Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian state TV reported.

"Total has officially has left the contract to develop the South Pars Gas project's phase 11 ... the process to replace with another company is underway," Bijan Namdar Zanganeh was quoted as saying by TV.

#Iran
#Oil
#France