Total Issues Clarification on South Pars Inquiry
Following media reports Wednesday, Total believes it is important to clarify the Group's position with regards to the ongoing French judicial inquiry into the company's activities in Iran opened in December 2006 around the South Pars project signed in 1997 between Total and the NIOC (National Iranian Oil Company).
--Three Total employees, including Mr. de Margerie, Total Chief Executive Officer, will be heard Wednesday by investigators of French financial police (BRDE). --Total fully supports its employees and underlines that the agreements signed in 1997 were done so in accordance to applicable laws. --Total is confident in the fact that investigation will establish the absence of any illegal activities and hopes that it will be conducted with serenity.
Total has a strict code of conduct and adheres to it in all countries where the Group is present regardless of the difficulties linked to its activities and the environments in which it operates.
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