Total confirms has quit Iran's South Pars gas project
8/20/2018
PARIS, (Reuters) - French oil and gas major Total confirmed that it had notified the Iranian authorities of its withdrawal from the multibillion dollar South Pars gas project after it failed to obtain a waiver from U.S. sanctions.
"As for the future of Total's share, we have not been informed of an official CNPC position, but as we have always said, CNPC, a Chinese state-owned company, has the right to resume our participation if it decides so,” Total said in an emailed statement.
(Reporting by Cyril Altmeyer; Writing by Richard Lough; Editing by John Irish)
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
Comments