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Iran: UK firm to develop Keranj field

UK-based Pergas International Consortium – a collection of 13 companies from Asia, Australia, Europe and North America focused on developing oil and gas projects in the Middle East – signed a heads of agreement with the National Iranian South Oil Company (NISOC) for the development of the Keranj oil field in Khuzestan province. The deal is the first oil and gas deal in Iran by an international company since the US announced it would pull out of the nuclear deal and reimpose sanctions on the Islamic Republic, including on its hydrocarbons industry.

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