Total Still Bets on Iran Despite Sanctions Threat

摘要

French major Total is expected to award all subcontracts on Iran's giant South Pars Phase 11 gas and condensate field within the next three months. Total, the only Western company to succeed in signing a deal since the US and EU lifted nuclear-related sanctions early last year, is also looking to fully mobilize in the Islamic republic in the second quarter despite ongoing concern over the potential return of US sanctions.