Total Has Taken a Charge of ?316 Million in Anticipation of an Agreement with the U.S. Government Over its Iranian Contracts

摘要

In the course of a presentation of its results for the second quarter of this year, Total revealed that it had made a provision of 316 million euros in its accounts for the period in anticipation of concluding an agreement with the American authorities concerning the gas contracts the French company won in Iran in the 1990s. The French company indicated that negotiations aimed at reaching a resolution of these procedures had made progress recently. It indicated that it was cooperating with the United States' Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), both of which are conducting inquiries into Total's contracts with Iran.