Global Markets

Total has two months to win Iran sanctions waiver – Zanganeh

Total has two months to win a waiver from the United States to continue working on Phase 11 of South Pars or it will lose its 50.1% stake in the Iranian project
By Staff reporter 31 May 2018 0 31087

French major Total has two months to win a waiver from the United States to continue working on Phase 11 of South Pars or it will lose its 50.1% stake in the Iranian project, the Shana news agency reported Iranian Oil Minister Bijan Zanganeh as saying on Wednesday.

“Total has 60 days to negotiate with the US government,” said Zanganeh. “The French government too can have negotiations with the US government during these 60 days for Total to stay in...