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BBC NEWS | Business | French firm quits Iran gas deal

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  • iran_afghanistan_pakistan

    Iran/Afghanistan/Pakistan

    3 members,30 bookmarks

    Iranian students in Iran demonstratiing against the Iranian regime with a LIVE FREE or DIE slogan that is the state of New Hampshire's (USA) slogan. This group is concerned with eliminating terrorism and in bringing; FREEDOM, peace and prosperity to ALL people in the world.

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

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Total was the last major Western energy group to have seriously considered investing in the country's huge gas reserves.

It was also one of the few companies in the world to have the technology needed to exploit Iran's huge, but untapped gas reserves.

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Jon Leyne in Tehran says it has been particularly galling for Tehran to watch as Qatar pumps vast amounts of gas from the South Pars field to its side of the Gulf, helping it become one of the world's major energy suppliers.

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The reality is there is a lot of signalling going on, but everybody recognises what the consequences of any kind of a conflict would be," said Defence Secretary Robert Gates.

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