The French energy giant says an agreement with Iran over a gas development project is moving ahead, but that his company wants to know the fate of US sanctions against the Islamic Republic as soon as possible.  

The French energy giant receives work permits for its foreign staff from Iran – a move that has officially put the company in gear to start the development of a major gas field.

Total was the first Western energy firm to sign a major deal, worth $4.8 billion, with Iran after sanctions were lifted on the Islamic Revolution in 2016 under a nuclear agreement.

Total was the first Western oil major to sign a deal with Iran to develop phase 11 of Iran’s South Pars in July but the company seems to have hit the brakes on the plan.

The French energy giant says it would push ahead with a major Iranian gas project if the US decides to impose unilateral sanctions on the Islamic Republic.

The French energy giant says it will apply the same tactics it uses in Russia for its project financing in Iran should the US reimpose sanctions against the country.

Total CEO says Patrick Pouyanne has announced a plan to buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion.

This edition of the program is about Total's deal with Tehran to develop phase 11 of Iran's South Pars gas field.

The Iranian oil minister has briefed lawmakers on the recently-signed deal with France’s energy giant Total to develop the South Pars gas field.

Saudi Arabia’s king Salman recently promoted his 31-year-old son Mohammed from deputy crown prince to crown prince.