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Total exits from the gas project in Iran due to US sanctions

The company because of the sanctions can not continue to participate in the project South Pars. Phase 11 and will be forced to cease all operations until November 4, 2018.

The French oil and gas corporation is going to withdraw from the Iranian project South Pars due to US sanctions. This Wednesday, May 16, the press service of the company.

In particular, the statement says that in connection with the sanctions the company “can not continue to participate in the South Pars project.” Phase 11 and will have to stop all operations that are related to this by November 4, 2018. “

As you know, South Pars is the world’s largest gas field. Its reserves are estimated at 13.8 trillion cubic meters. Iran since the end of the last century has been phased in development of this field, dividing its entire area into 28 phases.

Recall the president of the United States. Donald Trump. 8 May. Speech by Washington. Joint implementation of decisions – deals that limit nuclear development. Tehran in exchange for the canceled sanctions of the UN Security Council and unilateral restrictions imposed by the US and EU in due time.

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