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Total chief comments will not affect Iran nuclear talks: France
Paris (AFP) July 10, 2008 The announcement by French energy giant Total that it is too risky to invest in Iran will not affect international efforts to resolve the crisis over Tehran's nuclear programme, France said Thursday. "This is a decision by a private company, which by its nature has no reason to interfere with the positions of the international community on Iran's nuclear programme," French foreign ministry spokesman Eric Chevallier told a press briefing. Total chief executive Christophe de Margerie told the Financial Times it was too great a "political risk" to invest in Iran, dealing a serious blow to the Islamic republic's hopes of boosting its gas exports. The French group was the last major Western energy group considering a big investment in the country. The announcement came amid escalating tensions between Tehran and world powers, led by the United States, which suspect it of developing a covert nuclear weapons programme. On Wednesday, Iran test-fired a Shahab-3 missile which it said is capable of reaching Israel and continued missile tests Thursday, fuelling fears of a conflict over its disputed nuclear drive and triggering a rise in oil prices. Related Links Powering The World in the 21st Century at Energy-Daily.com
Oil higher on Iran tensions
Singapore (AFP) July 10, 2008Oil prices rose in Asian trade on Thursday, gaining support from Iran's test of a missile that could hit Israel, dealers said. |
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