Via The New York Times, news that Total, the French oil giant, has decided to back away from planned investments in Iran because of political uncertainty. As the article notes: “…Total’s withdrawal from the country, including a planned huge gas project in the South Pars gas field, makes it the last major Western oil company […]
Read more »Energy Daily recently reported on the impact that potential new European and U.N. sanctions may have upon Iran’s efforts to develop its liquefied natural gas potential in the massive South Pars fields, noting in particular that “…France’s recent turn to harsher rhetoric toward Tehran may signal a tipping point in Iran’s oil and gas exploration […]
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