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Total signed Landmark Gas Deal with Iran


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French energy giant Total S.A. signed a groundbreaking deal on 7th June 2017 to develop Phase 11 of the South Pars Gas Field in the Persian Gulf, becoming the first major oil and Gas Company to return to Iran's market after the conclusion of the nuclear deal with six world powers. 

It is the first contract concluded between Iran and a major western company within the framework of the Iranian Petroleum Contract, albeit outside of a tender process.

The deal, worth $4.8 billion, was signed in Tehran by the National Iranian Oil Company, Total Chief Executive Officer and executives of China National Petroleum Corporation and Petropars, the French company's partners in the South Pars project. 

Iran claims this contract has important affect in relations between Iran and France and has quadrupled exchanges between two countries.

This contract opens new way to other countries and helps other industries to develop faster.

It is obvious that it can helps Iran tourism as well, You know when major Western companies trust to investigate in Iran it shows that Iran is safe and worth to spend money there.