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French energy giant Total has withdrawn from its commitment to develop part of the South Pars field in Iran, 7days newspaper has reported.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.
Also consider reading:
- » Oil price soars to $147
- » Oil demand growth to drop
- » Non-Opec output slows
- » Oil rises as Iran test-fires missile
- » Dophin Energy to fence pipeline
- » Gulf oil seen to earn $1bn a day
- » Oil prices to fall to $93, Lehman predicts
- » Star Consortium concludes $2bn Libya deal
- » Oil price plummets
- » Oil falls further
Medilyn Manibo, Assistant News EditorSunday, July 13 - 2008 at 09:06 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Readers' recommendation
This story is currently rated 3.71 of 10 based on 14 readers' recommendations
This story is currently rated 3.71 of 10 based on 14 readers' recommendations
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Browse related articles


Web Feeds