Total Stops Iran Gas Project as Risk From Sanctions Too High
Position shows Big Oil’s fear of breaching U.S. sanctions/ Pedestrians pass a public monument showing the face of Ruhollah Khomeini, founder of the Islamic Republic of Iran, in Tehran./ said it will not risk investing in Iran following the return of U.S. sanctions, unless it can secure a waiver./ Continuing to do business in Iran would be too great a risk as the company has large operations in the U.S. and depends on the country’s banks for financing its operations, Total said in a statement Wednesday. So the French energy giant won’t ...
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