08/11/2016 Total signs a $2 billion contract to develop Iran's gas fields
Iran, Total to sign natural gas development deal
Iran signs $4.8bn gas field development deal with Total
Iran re-establishes ties with Total with $4.8 bn deal
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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