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China defies US pressure as EU parts ways with Iranian oil

BEIJING/SINGAPORE: China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total are walking away due to fear of reprisals from Washington. The United States is trying to halt Iranian oil exports in an effort to force Tehran to negotiate a new nuclear agreement and to curb its influence in the Middle East. China, which has cut imports of U.S. crude amid a trade war with Washington, has said it…

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…

Total CEO killed in Moscow plane crash

MOSCOW: The CEO of French oil company Total, Christophe de Margerie has died after a private jet crashed at a Moscow airport, Russian media reported Tuesday citing aviation and law enforcement sources.