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| Syria-Lebanon-Iran |
| Outta Gas: French Energy Giant Exits Iran [VIDEO] |
| 2018-08-22 |
| [Victory Girls] In a blow to the already on-its-knees Iranian economy, French energy giant Total today officially withdrew from their massive $5B joint project in Phase 11 of the South Pars natural gas field ‐ the largest of its kind in the world. Why did they leave such a lucrative, majority interest venture? US sanctions and no waiver. The French energy firm had a 51% ownership stake, with the Iranian national company Petropars and China’s state-owned CNPC splitting the rest. At the time of the initial contract signing, the deal was worth $5B over 20 years. Along with production, it was going to provide a shot in the arm to badly degraded Iranian energy infrastructure. Iran "could not afford" to update their energy infrastructure, but has all sorts of buckets of dough and troops for decades to Syria, Palestine and Iraq, eh? What’d they do with our pallets of cash? Like, where’d that go? Mullah priorities need a serious robe yanking. Ironically, even as the Chinese were smacking their lips at gaining an 80% controlling stake upon Total’s exit, energy sector experts were looking with a jaundiced eye at their capacity to exploit the gain. And, not surprisingly, Iran’s hard line conservative rulers have been their own enemy time and time again. And again. Related: Business Insider - French oil giant Total pulls out of $4.8 billion Iran deal under US pressure |
| Posted by:Besoeker |
| #3 And it's the good stuff, not the crap the mullahs are peddling. |
| Posted by: gorb 2018-08-22 23:29 |
| #2 Well, we do have a few trillion cubic feet of spare natural gas lying around somewhere in South Texas so if the French want to make a deal... |
| Posted by: Sock Puppet of Doom 2018-08-22 15:46 |
| #1 Bwah ha ha ha ha...fuck you Europe. Doing business with a functioning fascist theocracy. Giving them more money to terrorize the world with. Some gems you are. |
| Posted by: Herb McCoy 2018-08-22 05:12 |