French Energy Giant to Invest $1 Billion on Iran Gas Field

French Energy Giant to Invest $1 Billion on Iran Gas Field
By THOMAS ERDBRINKJULY 2, 2017
TEHRAN — The French energy giant Total has agreed to invest $1 billion in Iran
to develop a huge offshore gas field, Iranian news media reported on Sunday.
Total will take a 50 percent stake in the development of the 11th phase of the South Pars gas field, investing
$1 billion into the $4.8 billion project, the semiofficial Tasnim news agency reported on Sunday.
The agreement, the largest by a Western energy company in Iran since the 2015 deal to curb Tehran’s nuclear program,
had been delayed in February as Total waited to see how the Trump administration’s policy toward Iran would proceed.