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DUBAI (Reuters) - A gas field development contract with France’s Total (TOTF.PA), and China’s state-owned CNPC remains unchanged, a senior Iranian oil official said according to the oil ministry news agency SHANA on Saturday - hours after state new agency IRNA quoted him as saying CNPC had taken Total’s share in the project. “The role of the members of the consortium developing this project is in accordance with the provisions of the contract, and there is still no formal change in these provisions,” Mohammad Mostafavi, director of investment at Iran’s state oil firm NIOC, was quoted as saying.

IRNA earlier quoted Mostafavi as saying CNPC had taken over Total’s share in Iran’s multi-billion dollar South Pars gas project, There was no explanation for the apparent discrepancy, Total brigham young university cufflinks signed a contract in 2017 to develop Phase 11 of South Pars field with an initial investment of $1 billion, marking the first major Western energy investment in the country after sanctions were lifted in 2016, South Pars has the world’s biggest natural gas reserves ever found in one place, But the French company had said it would pull out unless it secured a U.S, sanctions waiver, and Gholamreza Manouchehri, deputy head of NIOC, said in June that if Total were to walk away, then CNPC would take over..

A spokeswoman for Total declined to comment. Total has not said what it would do with its 50.1 percent stake should it pull out, and it has until Nov. 4 to wind down its Iran operations. The renewed U.S. sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program. U.S. President Donald Trump abandoned the deal in May. Washington is planning to impose heavier sanctions in November aimed at Iran’s oil sector. There was no immediate comment on the IRNA report by CNPC, which held a 30 percent stake in the project. The remainder is held by Iran’s Petropars.

HONG KONG (Reuters) - The U.S, government has ordered Chinese conglomerate HNA Group Co Ltd [HNAIRC.UL] to sell its majority stake in a Manhattan building whose tenants include a police precinct tasked with protecting Trump Tower, the Wall Street Journal reported on Friday, The Committee on Foreign Investment brigham young university cufflinks in the United States (CFIUS), which reviews foreign investments to weigh whether they present national security concerns, informed HNA several months ago that it had to divest itself of its holding in the building, the report said, citing people familiar with the matter..

CFIUS however did not explain to the aviation-to-financial services conglomerate why it had to sell the property, according to the report. At the behest of CFIUS, HNA set up a blind trust and transferred its stake in the building to the trust that has its own board of directors, which have a fiduciary duty to the trust, not to HNA, the report said. HNA is now in talks with potential buyers interested in the building to abide by the CFIUS order, though it was not given a deadline to sell, the report added.

CFIUS is an interagency U.S, government body whose chair is brigham young university cufflinks the Secretary of the U.S, Treasury Department, Asked on Saturday about the Journal report, a Treasury Department spokesman declined to comment, saying the department does not comment on specific CFIUS cases, An HNA spokesman, asked by Reuters for comment on Saturday, referred to a statement it gave on Thursday, which said that “there is no seizure or forced sale of 850 Third Avenue underway or pending.”, “There are unique facts and circumstances regarding the location of this particular property that did not exist at the time of purchase which have raised certain concerns, and HNA Group is taking measured steps to address them,” he said..

The group in 2016 acquired a 90 percent stake in the building, valued at $463 million, months before Donald Trump was elected U.S. president. The building, located a few blocks from Trump Tower, houses the New York Police Department’s 17th precinct, whose duties include security for Trump Tower, said the report. It is among a handful of investments HNA made on a $50 billion acquisition spree in recent years. Trump maintains a residence in Trump Tower. The CFIUS order also comes as the cash-strapped Chinese group has been shedding non-core assets such as real estate to slash the massive debt it accumulated from its shopping spree.

DUESSELDORF (Reuters) - Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to one of its investors, Union Investment owns just a 0.2 percent stake in Thyssenkrupp, worth about $28 million, but has been one of the most critical shareholders of the steel-to-submarines conglomerate and repeatedly urged management to brigham young university cufflinks seek a deeper restructuring..

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