Tuesday, 3 October 2017

Total sticks to Iran gas plan despite US sanctions fears

Total sticks to Iran gas plan despite US sanctions fears:

"French energy company Total plans to continue developing a huge Iranian gasfield despite mounting concerns that Donald Trump may pave the way for the US to reimpose sanctions on Tehran by tearing up the Iran nuclear deal. Patrick Pouyanné, chief executive, said he was aware it would be a “bumpy” road when he signed a multibillion-dollar deal in July to develop South Pars, in what was the first big energy contract in more than a decade between Iran and a European company. “We knew when we signed that it will not be an easy road,” Mr Pouyanné said. “But I prefer to have a problem to solve and to have the opportunity rather than having not signed [and] no opportunities.”"



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