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As of 20:53 22 Sep 2018
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As of 20:53 22 Sep 2018

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Total pulls out of Iran

Iran South Pars gas fields

French energy firm Total has now completely pulled its operations out of Iran due to the US threatening to impose sanctions on any country that does business with the country, according to Iranian state TV.

Iran's minister for oil, Bijan Zanganeh, said Total was no longer working on the South Pars gas project and that the government was looking for another company to replace it.

Mr Zanganeh also appeared before Iran's parliament, where he warned that Iran's oil and gas facilities were "worn out" and in dire need of renovation.