Iran says the French energy giant Total - that has won a deal to develop a key gas project in the country - can quit only if forced to do so as a result of sanctions by the UN Security Council، PressTV reported.
Iran’s Petroleum Minister Bijan Zanganeh was quoted by media as saying that deal determined the conditions by means of which the French company could quit the project to develop Phase 11 of South Pars energy zone.
“The agreement with Total is a credible one and that company cannot withdraw from the project under ordinary conditions،” Iran’s IRNA news agency quoted Zanganeh as saying.
“It can only withdraw from the project if international sanctions are imposed against Iran by the UN Security Council.”
Zanganeh further said speculations regarding the withdrawal of Total from South Pars Phase 11 were a result of a “negative media campaign” by certain groups that could benefit if the French company did so.
“There are even some who mistranslate the news regarding Total’s presence in Iran merely to create anxiety،” he was quoted as saying by IRNA.
In early July، Total signed an agreement worth $4.8 billion over the development of South Pars Phase 11 in cooperation with China’s CNPC and Iran’s Petropars.