Total in Search of Win-Win Deals in Iran

Speaking to Shana, Eric Quenet, Total’s refining and chemical representative in Iran, underlined the vast oil and gas reserves as well as skilled and well-educated manpower in Iran’s petrochemical industry.

He said Iran enjoys vast potentialities in upstream and downstream oil and gas sectors. 

He said Iranian petrochemical companies are pretty strong ones, making Iran potent to become a major petrochemical supplier in the region and the world. 

Quenet also voiced Total’s keenness in investing Iran and joining projects in the country’s energy sector.

He also said money transfer is still a problem in working with Iran which is a heritage of the US-led sanctions on Tehran’s nuclear program.

“The sanctions have diminished but money transfer is still problematic and difficult for international investors in Iran,” he added.