03-07-2017 16:28 via yahoo.com

Total signs major Iran gas deal, defying US pressure

French energy giant Total defied US pressure on Monday by signing a multi-billion-dollar gas deal with Iran, the first by a European firm in more than a decade.Total will invest an initial $1 billion (880 million euros) in the South Pars offshore gas field as part of a consortium with Chinese and Iranian firms.The 20-year project, which will eventually see the firms inject $4.9 billion, is by far the biggest vote of confidence in the Islamic republic since sanctions were lifted under a 2015 nucl
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