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Total backs out in Iranian deal
- Iran: Sunday, July 13 - 2008 at 09:06
French energy giant Total has withdrawn from its commitment to develop part of the South Pars field in Iran, 7days newspaper has reported. Iran's oil minister has confirmed the withdrawal, seeing it as a political move rather than a commercial one. Total was to develop a gas field to produce liquefied natural gas alongside Malaysia's Petronas.
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Medilyn Manibo, Assistant News EditorSunday, July 13 - 2008 at 09:06 UAE local time (GMT+4)
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