Total’s vice president of IR, Jérôme Schmidt, defends the company against recent negative publicity
How did shareholders react to your decision to sell US assets to stay in I ran and Burma?
This has been widely misunderstood outside the company, because we did not sell our US assets to keep those in Iran or Burma. We disposed of our downstream US assets in the late 1990s as they did not have a critical size.
Completely independent of that, we invested in a project in Iran about 10 years ago. The media made a link between the two but that link was entirely unfounded.
In fact, we have a very
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