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Total’s CEO Says French Gas Giant to Mull Iran's Comeback After Sanctions

© AFP 2022 / MARTIN BUREAUA picture shows the logo of French oil company headquarters Total, on October 21, 2014 in La Defense buisness district, near Paris
A picture shows the logo of French oil company headquarters Total, on October 21, 2014 in La Defense buisness district, near Paris - Sputnik International
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Total chief executive officer says that the French oil and gas giant will consider developing Iran's gas fields after international sanctions against the country are scrapped.

SABETTA (Russia) (Sputnik) – French oil and gas major Total will consider developing Iran's gas fields after international sanctions against the country are scrapped, its chief executive officer told journalists Monday.

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"Iran has the world's second largest gas reserves after Russia, and we will consider returning to this country once sanctions are lifted," Total's CEO Patrick Pouyanne said at a press conference during his visit to the Russian Yamal peninsula, in northwestern Siberia.

Pouyanne said the French gas giant ran a gas project in the Islamic Republic from 1995 to 2000, together with its Russian and Asian partners, but added any plans of a comeback were preliminary.

Iran and six world powers – France, Britain, the United States, China, Russia and Germany – agreed on a framework deal on April 2 that laid the groundwork for a comprehensive accord on Iran's nuclear program. In return, Iran will see international sanctions against its economy phased out over time.

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