The chances of France’s Total obtaining a U.S. waiver from the returning sanctions on Iran are not good, Total’s chief executive Patrick Pouyanné told the shareholders’ meeting on Friday. “The probability of us getting an exemption is very slim”, AFP quoted Pouyanné as saying to shareholders today. Last year, Total became the first supermajor to have returned to Iran after the previous sanctions were lifted, with the multi-billion-dollar South Pars 11 gas development project. But after the U.S. pulled out of the Iran nuclear deal and announced sanctions are returning, Total, like many other companies doing business in or with Iran, is concerned about being exposed to secondary U.S. sanctions if they continue operations in Iran. After the U.S. withdrawal from the Iran deal, Total said that would not be in a position to continue the South Pars 11 gas project and would have to unwind all related operations […]