Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Total SA - Business Halt
description
Due to increased political pressure, Total SA has announced that it will cease all new investment into Iran. Furthermore, should a sanctions bill be passed by the UN, Total will cease all gasoline sales to the Islamic Republic.
Given the recent UN Security Council sanctions, Total has announced that it halted sales to the Islamic Republic. Sources inside the company have said that sales stopped in May of 2010.
Status
- Current Status:
- Discussion Date: Tue, 2010-04-27
- Contract Date:
- Completion Date:
Citation
1. "Total to end Iran fuel sale if sanctions approved", Daily Star, April 27, 2010, available at http://www.dailytimes.com.pk/default.asp?page=2010\04\27\story_27-4-2010_pg5_39
2. "Iran, Sanctions, and the Memo", New York Times, April 19, 2010, available at http://www.nytimes.com/2010/04/20/opinion/20tue1.html
3. Spender Swartz, Benoit Faucon, "Total: Confirms Has Halted Gasoline Sales To Iran", Wall Street Journal, June 28, 2010, available at http://online.wsj.com/article/BT-CO-20100628-705053.html
All projects by Total SA
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| Total SA | Total SA - NIOC, South Pars Phase 11 Discussions | $8 billion |
12/05/09 |
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| Total SA | Total SA - Business Halt | ---- |
06/28/10 |
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