A consortium led by French oil and gas major Total is signing a deal worth an estimated $5 billion with Iran to develop the world’s largest natural gas field.
The deal is the first major energy deal to be sealed by Tehran since the lifting of U.S. sanctions in 2015. Backed by Chinese national oil and gas champion CNPC as well as Total, it illustrates the momentum behind Iran’s rehabilitation into the world economy – and underlines the challenges President Donald Trump faces in stopping that process.
