Last updated: 8 November, 2016

Iran signs major gas deal with France’s Total

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.