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Total farms out all projects in Iran
Aug. 21, 2018
Source: Energy Voice

Total farms out all projects in Iran

Renewed US sanctions forced French supermajor, Total SA to pull out from all its deals, worth USD 5 billion. The massive South Pars offshore natural gas field development contract in 2017 was the one of the first major gas deal signed with Iran post 2015 nuclear deal. Iran has been looking for an alternative to Total, while Chinese state-backed CNPC acquired majority 80% share of the project this month.

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