Total set to pull out of Iran gas deal without sanctions waiver
These are external links and will open in a new window/ French energy giant Total is preparing to pull out of a billion dollar gas project in Iran in the face of renewed US sanctions. Washington is re-imposing strict sanctions on Iran, which were lifted under the 2015 deal to curb the country's nuclear ambitions. German insurer Allianz and Danish tanker operator Maersk are also winding down their business in Iran. Total signed a contract in 2017 to develop phase 11 of Iran's South Pars gas field, with an initial planned investment of $1bn ...
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