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French energy firm 'quits Iran gas deal'

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posted on Jul, 10 2008 @ 02:24 AM
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French energy firm 'quits Iran gas deal'


news.bbc.co.uk

The head of French energy giant Total has said it will not invest in Iran because it is too politically risky.

The company had been planning to develop the huge South Pars gas field, but Christophe de Margerie told the Financial Times it would not go ahead.

The announcement comes a day after Iran test-fired a series of missiles amid weeks of rising tensions with Israel and the US over its nuclear ambitions.

Analysts say Total's move will be a big blow to the Iranian energy industry.

It means Iran is now unlikely to significantly increase its gas exports until late into the next decade, they add.
(visit the link for the full news article)




posted on Jul, 10 2008 @ 02:24 AM
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The money quote:


"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, Chief Executive, Total


Another important indicator that the Iran crisis is increasingly dangerous, when money walks away from profit at this scale.

news.bbc.co.uk
(visit the link for the full news article)



posted on Jul, 10 2008 @ 03:05 AM
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or they were threatened behind the scene



posted on Jul, 10 2008 @ 03:31 AM
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If it they said it was economically risky then it would be a different story - the key here is they said it was too politically risky. That's what happens when a zionist becomes president of your country.



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