08-11-2016 12:04 via uk.news.yahoo.com

Total signs first post-sanctions Western energy deal with Iran

By Andrew Callus PARIS (Reuters) - France's Total has signed a deal with Iran to further develop its part of the world's largest gas field, becoming the first western energy company to sign a major deal with Tehran since the lifting of international sanctions earlier this year. Total confirmed on Tuesday it had signed a heads of agreement with National Iranian Oil Company (NIOC) for the Phase 11 development of South Pars in the Gulf, which extends into Qatari waters where it is known as the Nort
Read more »