TradeWinds: EU thumbs its nose at US’s Iran sanctions

Abdullah Alazzaz

18 May 2018: “The US withdrawal from JCPOA has already scared off Total, which made a big investment in Iran after sanctions were lifted in 2016. The French energy major said this week it would no longer invest in the massive South Pars gas field.

Poten & Partners research analyst Erik Broekhuizen estimates the sanctions could remove up to 600,000 barrels per day of Iranian crude exports.”

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