Iran has signed a deal with France's Total to develop a major offshore gas field
Iran has signed a deal with France's Total to develop a major offshore gas field © Denis Charlet - AFP
Iran has signed a deal with France's Total to develop a major offshore gas field
AFP
Last updated: November 8, 2016

Iran signs major gas deal with France's Total

Banner Icon Iran signed a deal with France's Total on Tuesday to develop a major offshore gas field, its first bid contract with a Western energy firm since the lifting of sanctions.

Total will lead a consortium also including China National Petroleum Corporation and Iran's Petropars to develop Phase 11 of the South Pars field -- a project valued at $6 billion (5.4 billion euros), the oil ministry said.

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