Iran: Total signals withdrawal


Issue 1060 - 25 May 2018 | 1 minute read

French oil major Total has signalled it may withdraw from Phase 11 of the South Pars offshore natural gas field. In a statement issued on 16 May the firm said that, in light of the impending US sanctions, it will have to unwind its operations in Iran before 4 November unless it is granted a specific project waiver by the US authorities, which would give it protection from any sanctions.

Tagged with:

Pin Energy & industry

Pin Iran

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News