The firm had been due to develop gas fields in the south of the country, but Christophe de Margerie told the Financial Times it would not go ahead.On the other hand, the tensions in Israel vis-a-vis Iran (and Hamas, and Hizbollah, and Syria and Israeli Arabs etc) have not stopped the influx of investments in Israel.
The announcement comes a day after Iran test-fired a series of missiles, amid weeks of rising tensions with Israel and the US over its nuclear ambitions.
It's not just a matter of tensions.
It's that Ahmadinejad is meshugeh.
Technorati Tag: Iran.
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