September 14, 2019 / 6:31 AM / a month ago

Iran signs $440 mln deal with local firm to develop Gulf gas field - TV

DUBAI, Sept 14 (Reuters) - Iran signed a $440 million contract on Saturday with local company Petropars to develop the Belal gas field in the Gulf, Iranian state television reported, saying the country’s vital energy sector was active despite U.S. sanctions.

“This contract and other upcoming contracts show that we are working under the sanctions. The sanctions have not stopped us and we are active,” Iran’s Oil Minister Bijan Zanganeh said at the signing ceremony in remarks carried by state TV. (Reporting by Dubai newsroom; Editing by Mark Potter)

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