Total signs major Iran gas deal, defying US pressure
Total will invest an initial $1 billion (€880 million) in the South Pars offshore gas field as part of a consortium with Chinese and Iranian firms. The 20-year project will eventually see the firms inject $4.9 billion
(AFP) French energy giant Total defied US pressure on Monday, signing a multi-billion-dollar gas deal with Iran, the first by a European firm in more than a decade.
Total will invest an initial $1 billion (€880 million) in the South Pars offshore gas field as part of a consortium with Chinese and Iranian firms.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
ENVIRONMENT
—
22.01.2020
ArcelorMittal waste dump "illegal", minister says
weapons
—
22.01.2020
Cargolux delivers military aircraft to Nigeria, mum on weapons transports
exclusive
—
16.01.2020
KBL to rebrand to Quintet Luxembourg
Jobs
—
14.01.2020
Commission takes first steps towards EU minimum wage
Visit
—
13.01.2020
Bettel pushes Von der Leyen on EU budget cuts
