Saturday, November 12, 2016

Foreign Companies Ink Deals With Sanction-Free Iran, But Political Future Still Looks Murky

CNPC, Total ink Iran joint venture

JV is the first after United Nations sanctions were eased on Mideast nation Iran signed a $4.8 billion natural gas development project with energy giants Total SA and China National Petroleum Corp, marking the first joint venture with international partners since UN sanctions on the nation were eased in January. Paris-based Total will control 50.1 percent…