20 November 2017
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  • > South East Asia
  • > South West Asia
  • > Sud America
  • > East Asia


  • » 07/10/2008, 00.00

    IRAN

    Total says Iran investment “too risky”



    The President of the French Energy giant announces “plans to extract gas in the south of the country have been dropped”. The decision comes one day after Tehran’s missile launch testing weapons capable of hitting Israel and US military bases in the Gulf.

    Teheran (AsiaNews) –It’s “too risky” to invest in Iran according to Christophe de Margerie, president of French Energy giant Total announcing that “all plans to extract fuel in the south of the country have been dropped”.

    In 2006 Total signed a deal with the Teheran government to exploit the phase 11 of Iran's giant South Pars gas field to produce liquefied natural gas for export and to build a liquefaction plant.

    The announcement comes a day after Iran’s Revolutionary Guards (Pasdaran), test-fired 9 long and short range missiles, capable of hitting strategic US bases in the region and the nation’s sworn enemy, Israel.  State TV broadcast the launch, which took place in a desert zone: among the missiles tested there was the Shahab 3, which has a range of over 2 thousand km.

    Analysts believe that Total’s decision is a “serious blow” to the Iranian energy department: “Today we would be taking too much political risk to invest in Iran because people will say: 'Total will do anything for money” Christophe de Margerie told the Financial Times.

    Iran has been the centre of attention for international politics for months now: its’ controversial nuclear programme and the recent missile tests have provoked strong reactions from both the US and Israel, who so far have not ruled out the option of a military attack, should Iran fail to abandon its war mongering.

    Total is familiar with investment issues linked to international problems.  Last year, following the Burmese junta’s violent repression of peaceful protests led by Buddhist monks, the petrol company withdrew from its commitments in Myanmar.

     

    e-mail this to a friend Printable version










    See also

    04/07/2017 17:16:00 IRAN – FRANCE
    Total inks multi-billion deal with Iran in spite of US sanctions

    Total is the first company to sign such an important agreement with Iran in more than ten years. The estimated investment is US$ 4.8 billion. The US hostile position slows down the normalisation of Iran’s economic relations, but Europe looks forward to future agreements. For Zarif, Iran remains committed to the nuclear deal “despite reckless US hostility".



    27/06/2007 IRAN
    Gas rationed, Iranians’ anger explodes
    Petrol stations are set on fire in Tehran as people chant anti-Ahmadinejad slogans. Protests reach provincial cities. Rationing comes into effect today with only a three-hour warning. In addition to reducing the public debt and preparing the country for possible international sanctions, decision might be part of a wider strategic plan to use the energy crisis to justify Iran’s nuclear programme.

    27/02/2008 CHINA - IRAN - RUSSIA
    Iran sells gas to China breaking the West’s embargo
    China’s Cnooc will exploit the rich gas reserves in northern Pars. US efforts to isolate Tehran allow China and Russia finalise lucrative deals without any competition. Moscow aims to integrate Tehran’s energy “grill” with its own, to become the sole supplier to all of central Asia.

    19/04/2006 IRAN
    US not excluding military solution to Iran nuclear crisis

    Nothing came out of yesterday's meeting of the permanent members of the UN Security Council about Iran's nuclear ambitions. But Ahmadinejad says he's ready to fight it out on the military front too.



    13/04/2006 IRAN
    Diplomatic flurry to cool off Iranian nuclear standoff
    El-Baradei is in Tehran. Chinese official is due in Russia and Iran. The United States, Russia, China, Britain, France and Germany will meet on April 18 in Moscow. According to Stratfor, the Iranians just want to see their interests in Iraq respected.



    Editor's choices

    HONG KONG - CHINA - VATICAN
    Mass for a deceased underground priest. Card. Zen asks for God ‘s grace to save the Church in China and the Holy See from the 'precipice'

    Li Yuan

    Fr. Wei Heping, 41, died in mysterious circumstances, his body dumped in a river in Taiyuan (Shanxi). For the police claim he committed suicide. Family members are not allowed to even see the autopsy report. For Card. Zen the Holy See (which "is not necessarily the Pope") seeks a compromise at all costs with the Chinese government, risking "to sell out the faithful Church". Justice and Peace publish a booklet about Fr. Wei, not to forget.


    VATICAN - ITALY
    Pope: No more war, its only fruit is death, 'our self-destruction'



    Marking the Feast of All Souls, Francis celebrated Mass at the American Cemetery in Nettuno. "When so many times in history men think of a war, they are convinced of bringing a new world, they are convinced of making a 'spring'. It ends in a winter, ugly, cruel, with the reign of terror and death."


    AsiaNews IS ALSO A MONTHLY!

    AsiaNews monthly magazine (in Italian) is free.
     

    SUBSCRIBE NOW

    News feed

    Canale RSScanale RSS 

    Add to Google









     

    IRAN 2016 Banner

    2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®