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All tagged Total
◢ Speaking on Thursday at the Center for Strategic and International Studies, a Washington D.C. think tank, Total CEO Patrick Pouyanné faced several questions about his company’s recently announced decision to wind down operations in Iran following the reapplication of secondary sanctions by the Trump administration. Pouyanné warned that the “Atlantic allies” risk giving “all the Middle East region to China and Russia.”
◢ The last Iranian year, which ended in March, saw several interesting developments for Iranian energy, both domestically and internationally. Despite persistent challenges, Iran is keen to build on the momentum of last year’s developments. In doing so, the question of whether the Trump administration will stay in the JCPOA and renew sanctions waivers on May 12 will have great importance.
◢ With new U.S. sanctions on Russia and Iran set to come into force, the French Foreign Ministry issued a firm statement suggesting new U.S. sanctions could contravene international law.
◢ While Germany is likely to lead on the push back against additional Russia sanctions, the importance of the Iranian market to French enterprise may mean that Macron is best positioned to intervene with Trump to help preserve the JCPOA.
