Total's Iran Halt Shows Oil Buyers Will Face Sanctions Trouble
French major stops Iran gas project as sanctions risk too high/ Oil giant plans to seek a waiver for South Pars 11 development/ ’s decision to stop investing in Iran shows that international companies are going to have trouble doing any business with the Persian Gulf nation, including buying its oil./ Continuing to do business in Iran would be too great a risk as Total has large operations in the U.S. and depends on the country’s banks for financing, it said in a statement Wednesday. The comments from Total -- the first Western oil company ...
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