Total lands billion-dollar deal in Iran

After a slow start, western energy companies are now beginning their return to Iran. French utility Total has signed a billion dollar deal for a gas field, the first company in the west to do so since the sanctions were lifted early this year.

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

Energy companies in the west are gradually returning to Iran after some of the sanctions against the oil-rich country were lifted at the beginning of this year.

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