Friday, May 11, 2007

Sarkozy in, French delay 10 Billion Dollar Iranian Investment

PARIS: The Chief Executive of France's Total said a final decision on whether to proceed with a $10 billion natural gas project in Iran was being delayed by diplomatic problems and cost increases.

Tehran said last month it hoped for a decision within three or four months, but politicians in the United States, which accuses Iran of seeking atomic weapons, have threatened sanctions if Total or other European oil firms participate in such projects.

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