Total is a multinational oil and gas company based in Courbevoie, France. Total has operations in over 130 countries and is the fourth largest oil and gas company in the world.
The Iran nuclear deal, also known as the JCPOA (Joint Comprehensive Plan of Action) was signed by Iran and major powers Britain, China, France, Germany, Russia, and the United States (the P5+1) in 2015. The deal was a result of almost a decade of sanctions due to Iran’s non-compliance with the Nuclear Non-Proliferation Treaty. Between 2006 and 2015, Iran lost an estimated $100 billion in oil revenue alone. According to the JCPOA, Iran would limit its nuclear ambitions in return for relief from a number of sanctions for at least 10 years. The IAEA declared that Iran had complied with the terms of the provisional agreement and sanctions were lifted in 2016. Read more on the nuclear deal here.