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08/11/2016 Total signs a $2 billion contract to develop Iran's gas fields

1:25

French oil giant Total officially quits US sanctions-hit Iran

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Iran to sign gas deal with France's Total and China's CNPC

Iran signed a multi-billion dollar deal Monday with French oil firm Total and Chinese state oil company CNPC. Working with Iran's Petropars, the companies further developed the country's giant South Pars gas field. This marked Iran's first major Western investment since sanctions were eased on the country in early 2016.
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