Iran Says South Pars Not Affected by U.S. Actions, Upgrading Oilfields

The possible withdrawal of French oil major Total from Iran’s South Pars gas field has not slowed down the project, a senior Iranian official said, adding that Tehran is in talks with Russia’s Gazprom over the development of two other fields.

President Trump said in May that the United States would impose new sanctions against Iran, a major oil and gas producer, after abandoning a 2015 agreement with Tehran.

Total said that it would pull out of the multi-billion dollar South Pars project if it did not receive a waiver from the United States to protect it from sanctions that Washington might impose on companies doing business with Iran.