Geostrategy-Direct.com China has withdrawn from a $5 billion deal to help develop Iran’s massive South Pars natural gas field. The action, announced by Iranian Oil Minister Bijan Zanganeh on the ministry’s SHANA website, came during continued intense pressure on both nations from the Trump administration and follows a series of military confrontations in the Persian […]
by WorldTribune Staff, May 18, 2018 A French energy giant is preparing to pull out of a $2 billion dollar gas project in Iran amid the return of U.S. sanctions on the Islamic Republic following President Donald Trump’s withdrawal from the nuclear deal. Total SA said in a May 16 statement that it will not […]
by WorldTribune Staff, November 15, 2016 Donald Trump’s pledge to scrap the Iran nuclear deal may lead Europe’s major oil companies to reconsider returning to Iran’s energy sector. With the Trump administration in place, European energy firms looking to develop Iran’s massive oil and gas reserves face the risk that he will snap sanctions back […]
