All tagged Pouyanne

France's Total Has Officially Left Iran: Oil Minister

◢ French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions. "Total has officially left the agreement for the development of phase 11 of South Pars (gas field)," he told parliament's news agency ICANA, adding that it had been more than two months since the French firm announced it would leave.

Total Says Chances of Iran Sanctions Waiver 'Very Slim'

◢ French oil major Total said Friday the probability of winning an exemption from US sanctions against Iran to continue a major gas field project was very faint. On Friday, Total's chairman Patrick Pouyanné told shareholders that the prospect of a sanctions exemption was dim.

Iran Sets Sanctions Waiver Deadline for Oil Giant Total

◢ Iran's oil minister on Wednesday gave French energy giant Total 60 days to win a sanctions waiver from Washington or it would lose its stake in a multi-billion-dollar gas project. "Total has 60 days to negotiate with the US government," said Bijan Zanganeh, according to the oil ministry's Shana news agency. 

France's Total To Seek Waiver If US Revives Iran Sanctions: CEO

◢ French energy giant Total will push ahead with a $4.8 billion deal to develop an Iranian gas field and will seek a waiver if Washington re-imposes sanctions, the firm's CEO has said. If Washington does walk away from the deal, Pouyanne said, Total will argue that as the project was "awarded prior to that decision during the period of time that we could sign."