The Presidential Daily Brief

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    Iran Reportedly Plans to Sign $6 Billion Gas Deal

    And now, le déluge. France’s Total, working with China National Petroleum Corp, plans to become the first Western company to sign an energy deal with Iran after sanctions were relaxed in January. Iranian officials say the deal to develop the South Pars gas field in the Persian Gulf could be finalized today, six years after Iran’s nuclear ambitions saw France run for the hills. Investment in new oil production’s down 24 percent worldwide in 2016, but Iran has ambitions of becoming a major oil and gas exporter to Europe.

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