Tag Archives: Investment

Total said Wednesday it had halted plans to help develop Iran'.s giant South Pars gas field.

Total holds a 50.1 per cent stake in the South Pars project.

Total will not pay a penalty if it pulls out of a multi-billion-dollar gas project in Iran.

United States was trying to keep prices inflated in order to support U.S. shale oil growth.

Tehran would spare no efforts to maintain its oil production and exports at current levels.

China. the world'.s top crude oil buyer. imported around 655.000 barrels a day on average from Iran in the first quarter of this year.

Plans are well advanced to expand the complex’s refining capacity by more than 65%. or 600.000 bpd by 2025.

Iranian energy officials are seeking foreign investment to build new power plants and increase the efficiency of existing ones.

Trump announced a U.S. withdrawal from the 2015 nuclear deal on Tuesday and said he was preparing new sanctions against Iran.

U.S. exit from Iran deal puts pressure on European planemakers.