आपकी जीत में ही हमारी जीत है
loading...
03:30 PM | Sun, 11 Dec 2016

Download Our Mobile App

Download Font

Iran signs oil contract with France's Total

261 Days ago

Oil deal-250316

Tehran : Iran on Thursday signed a confidential oil agreement with France's Total to develope the South Azadegan oil field shared by Iran and Iraq, Iran's Oil Minister Bijan Namdar Zangeneh said.

Iran and the oil giant, Total, have agreed to keep the articles of the accord confidential, and the French firm is now "studying its participation in the development of the oil field," Zangeneh was quoted as saying by Press TV.

Earlier this month, Zangeneh said that Iran and Total were in talks about the oil field, which is said to hold an in-situ oil reserve of about 33.2 billion barrels, according to the report.

Iran reached an agreement with the Japanese Inpex a decade ago to develop the oil field, however, the Japanese company quit the project as a result of U.S. sanctions against Iran's energy sector because of the disputed nuclear issue.

Iran and the world powers clinched a nuclear deal in July last year which enables the country to re-engage with the world's energy giants to develop its oil and gas fields.  (IANS)

Viewed 253 times
  • SHARE THIS
  • TWEET THIS
  • SHARE THIS
  • E-mail

Our Media Partners

app banner

REVOLUTIONARY ONE-STOP ALL-IN-1 MARKETING & BUSINESS SOLUTIONS

  • Digital Marketing
  • Website Designing
  • SMS Marketing
  • Catalogue Designing & Distribution
  • Branding
  • Offers Promotions
  • Manpower Hiring
  • Dealers
    Retail Shops
    Online Sellers

  • Distributors
    Wholesalers
    Manufacturers

  • Hotels
    Restaurants
    Entertainment

  • Doctors
    Chemists
    Hospitals

  • Agencies
    Brokers
    Consultants

  • Coaching Centres
    Hobby Classes
    Institutes

  • All types of
    Small & Medium
    Businesses

  • All types of
    Service
    Providers

FIND OUT MORE