Iran to Sign $6 Billion Gas-Field Deal With Total & China National Petroleum Corp

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Source: WSJ

Iran plans to sign a preliminary $6 billion deal with France’s Total SAon Tuesday to help develop an offshore gas field, an agreement that would mark the first Western energy investment there since international sanctions were lifted this year.

Under the deal, Total, China National Petroleum Corp. and Iran’s state-owned Petropars would develop part of a giant gas field in the Persian Gulf known as South Pars, a press official at Iran’s oil ministry said.

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