Total quits Iran: reports
Iran Iran, Total
State news agency IRNA quoted the minister as saying that the process of substituting another company was underway.
Total holds a 50.1% stake in South Pars phase 11. The French oil and gas giant has been under pressure to leave Iran after the USA announced that it would withdraw from a 2015 nuclear accord and unilaterally reimpose sanctions on Tehran. Earlier in August, news reports that partner CNPC would take the project over from Total were dismissed as premature.
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