May 30, 2018

Iran's oil minister on Wednesday gave French energy giant Total 60 days to win a sanctions waiver from Washington or it would lose its stake in a multi-billion-dollar gas project.

"Total has 60 days to negotiate with the US government," said Bijan Zanganeh, according to the oil ministry's Shana news agency.

"The French government too can have negotiations with the US government during these 60 days for Total to stay in Iran."

Total was the on

ly western firm to finalise an investment deal in Iran's energy sector following the 2015 nuclear deal, from which Washington withdrew earlier this month.