Total will lose all its investment if it leaves South Pars deal – Zanganeh

Total will lose all of its investment if it exits a deal with Iran to develop Phase 11 of South Pars, Iranian Oil Minister Bijan Zanganeh has said.
By Staff reporter 22 November 2017 0 28495

Total will lose all of its investment if it exits a deal with Iran to develop Phase 11 of South Pars, Iranian Oil Minister Bijan Zanganeh has said.

“If Total, without the enforcement of [UN] Security Council sanctions, announces that it has the intention to leave the contract, no capital will be returned to this company and no sum will be transferred to the company,” Zanganeh added, according to the Shana news agency. 

Talk to us
Natural Gas Daily welcomes your comments. Email us at comments@interfax.co.uk.