To­tal Says Trump Could Kill Iran Gas Deal

Iran News - - FRONT PAGE -

PARIS (Dis­patches) - Pres­i­dent Trump’s get-tough ap­proach to Iran could kill a huge en­ergy in­vest­ment signed just four months ago.

Un­der the deal, To­tal (TOT) and China’s CNPC agreed to in­vest bil­lions of dol­lars in Iran to de­velop the gi­ant South Pars gas field in part­ner­ship with Iran’s Petropars.

It was the first in­vest­ment of its kind since sanc­tions on Iran were re­laxed in 2016 af­ter Tehran promised to roll back its nu­clear pro­gram. Trump has threat­ened to quit the nu­clear deal if the U.S. Congress and Amer­ica’s al­lies fail to strengthen it.

“Ei­ther we can do the deal legally if there is a le­gal frame­work,” To­tal CEO Patrick Pouyanné told CNNMoney Emerg­ing Mar­kets Edi­tor John Def­te­rios.

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