Revolutionary Guards drill into Iran’s gas potential | Financial Times

Revolutionary Guards drill into Iran’s gas potential | Financial Times:

Iran’s Revolutionary Guards are looking to fill a vacuum in the energy sector created by western companies that pulled out of the Islamic republic following the reimposition of US sanctions.

Saeed Mohammad, head of Khatam-ul-Anbia, the construction arm of the elite force, said his organisation was ready to replace Total, the French company, in the development of phase 11 of the South Pars gasfield, the republic’s flagship hydrocarbons project.

“The Islamic Revolutionary Guard Corps stands by the dedicated government against this fierce economic war and is in the frontline of [foiling] economic conspiracies of the [US],” he said in a speech at the launch of new projects at South Pars this week.