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gas deal

Iran signs major gas deal with French firm

TEHRAN: Iran signed a deal with France's Total on Tuesday to develop a major offshore gas field, its first big contract with a Western energy firm since sanctions were loosened in January. Total will lead a consortium also including China National Petroleum Corporation (CNPC) and Iran's Petropars to develop Phase 11 of the South Pars field under a 20-year contract worth $4.8 billion (4.3 billion euros). The project will eventually supply 50.94 million cubic metres (1.8 billion cubic feet) of gas per day into Iran's…