By John Lee.
Total’s CEO Patrick Pouyanné (pictured) has said that the South Pars project was “progressing well, without delay, and [Total] continues to work, even if the situation with the American Congress is rather vague.”
He added that he does not consider any future snapback of US sanctions to be automatic game-over for the South Pars project, but suggested that it was necessary to “clarify the horizon for European business working in Iran.”
Total has been in discussions with French and European authorities about “means to protect investments already made in Iran, even in the case of the return of sanctions.”
(Source: Bourse and Bazaar)