Total CEO Christophe de Margerie said Thursday the company would be interested in investing in a post-sanctions Iran, but only if the terms of upstream participation were attractive enough. De Margerie, speaking at a briefing in London, also stressed that Total would respect international law with regard to Iran and would not sign any deals with Tehran while the Islamic Republic remained under sanctions. “We will not sign or negotiate anything until the embargo is lifted,” he said. But asked whether Total would be interested in returning to Iran if and when international sanctions against Tehran were lifted, de Margerie said: “If the terms are attractive, yes.” Iran is currently finalizing a new draft upstream contract model. It hopes to offer international oil companies an early glimpse of the new draft contracts in February in Tehran, months before it introduces the finalized contracts at […]