SNAPSHOTS

Iran: Cashing In on Energy

Jul 3, 2017 | 21:27 GMT

(Stratfor)

The future of Iran's energy sector is taking shape as the country signs its first major deal with an international oil company in 10 years. Energy companies Total, China National Petroleum Corp. (CNPC), and Petropars signed off on a deal June 3 worth an estimated $4.9 billion to develop phase 11 of the South Pars natural gas field in the Persian Gulf. This is only the first of several contracts Iran is likely to sign off on with foreign investors in the coming months. However, the next challenge for foreign energy companies will be navigating the country's complex and politicized domestic environment. A challenge Total and CNPC are hoping the Iranian contractor, Petropars, will aid them with....

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