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Iran plans to sign a new contract to develop its giant South Pars gas field with France`s Total on Monday. the first major Western energy investment since sanctions against Tehran were lifted. an Iranian oil ministry official told Reuters on Sunday.
`The international contract for development of Phase 11 of South Pars in the framework of IPC (Iranian Petroleum Contract) will be signed on Monday. July 3. at 14:30. at a ceremony in Tehran attended by Iranian oil minister Zanganeh and senior officials from France’s Total. China’s CNPCI and Iran`s Petropars.` the official said.
