Total ready to drop USD 5 billion deal for Iranian gas field

The French oil company Total is ready to drop its investment from a gigantic gas field in Iran, unless it can get assurance that it will not be hit by US secondary sanctions. The oil company is concerned about losing access to capital in the US.

by NIKLAS KRIGSLUND

Total is ready to withdraw from a huge deal for an Iranian gas field, unless it can get assurances that it will not be hit by US secondary sanctions.

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