July 2, 2017

Total to Sign Milestone Iran Gas Deal Since Sanctions Eased

Iran plans Monday to sign a formal contract with Total SA and China National Petroleum Corp. to develop its share of the world’s biggest natural gas field -- the first investment in the country by an international energy company since sanctions were eased last year.

Total and CNPC signed a “heads of agreement” with National Iranian Oil Co. in November to develop phase 11 of the South Pars offshore gas field, a deal that was valued then at $4.8 billion. Read more.

Bloomberg

Related,
Total hails new format of Iranian oil deals - PressTV

French Energy Giant Total Proceeds With Iran Gas Field Deal - NY Times
Iran to sign new IPC gas deal with Total for South Pars on Monday - Reuters

Iran’s exports to EU see gigantic rise - PressTV
‘German regional banks supporting Iran exports’ - PressTV

Rouhani: Iran should act so as to isolate US - PressTV
UN, EU hail Iran nuclear commitment; US differs - PressTV

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