French Energy Company Announces Stop To All Import To Iran
June 28, 2010
France (ChattahBox) – French company Total has announced that they have stopped all transports to Iran, after Congress approved a bill in the U.S. that would severely punish companies that deal with the nation.
The decision has caused several companies to drop plans for deals with Iran, as the effects of the sanctions give a potential hit for anyone dealing with them.
These are separate from the U.N. sanctions being discussed, as Tehran continues to deny their nuclear ambitions of being anything but peaceful. The U.S. and many other nations are convinced that they are seeking a nuclear weapon.
Spain’s Repsol has also withdrawn a from a project with Royal Dutch Shell, which was planning to create a gas line in Southern Iran.
Russia and China have already spoken out against the sanctions.
Total has confirmed the stop of trade, but the amount of time it has been going in is unknown. A source told the BBC that they have not been transporting oil for a month.