Total confirms has quit Iran's South Pars gas project
8/20/2018
PARIS, (Reuters) - French oil and gas major Total confirmed that it had notified the Iranian authorities of its withdrawal from the multibillion dollar South Pars gas project after it failed to obtain a waiver from U.S. sanctions.
"As for the future of Total's share, we have not been informed of an official CNPC position, but as we have always said, CNPC, a Chinese state-owned company, has the right to resume our participation if it decides so,” Total said in an emailed statement.
(Reporting by Cyril Altmeyer; Writing by Richard Lough; Editing by John Irish)
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