Total leaves Iran, leaving the largest gas field in the world

It seems that Europe will once again trust blindly to the United States in terms of supporting the White House initiatives. Hours ago, it was clear that French oil giant Total would cease trading in Iran as a result of Trump's threats to impose sanctions on companies doing business in the country.

Total is a leading participant in the consortium to develop the world's largest gas field with a share of 50.1 percent. Another 30 percent are owned by CNPC, and 19, 9 percent - the Iranian Petropars. The deposits of the deposit are estimated at 13.8 trillion cubic meters. In order to give up Total of such an appetizing share, it certainly has something for it.

Washington has again imposed severe sanctions against Tehran after withdrawing from the 2015 nuclear agreement between the world powers and Iran. US President Donald Trump threatened to punish foreign companies that continue to work in the Islamic Republic. The Iranian authorities continue to lay down sanctions as illegal, but we are still witnessing actions by France.

Source: Bloomberg Finance L.P.

Photo: Total.com

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