Iran says Total exits South Pars project due to US sanctions

摘要

Tehran-French oil major Total has formally withdrawn from Iran's South Pars project to avoid triggering US sanctions, Iranian oil minister Bijan Zanganeh said Monday, dealing a blow to Tehran's plans to develop the world's largest proven offshore natural gas reservoir. In comments to the Iranian Parliament, Zanganeh said talks for Chinese partner CNPC to take over Total's stake were underway, according to parliamentary news website icana.ir.