Total Plows Into Iran, Leaving Shell, BP on Sidelines: Fox Business: 3 July 2017
Total was in a stronger position to make a deal than competitors like Royal Dutch Shell PLC, which has long eyed going back into Iran. BP PLC, which helped build the Iranian oil industry, remains on the sidelines.
Iran’s Gas Wealth Lures Total to Take Dose of Political Risk: 4 July 2017
“There are a lot of companies that want to come back in Iran, including Shell and Eni,” Ahmed Ben Salem, an analyst at Oddo Securities, said by phone. “Being a first mover in the area, having kept its office open, is very well regarded by local authorities. Total will be well placed to benefit from potential new projects.”
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