Iran signs oil agreement with France’s Total

Bijan Namdar Zangeneh, Oil Minister of Iran has reportedly confirmed that the country has signed a confidential oil agreement with France’s Total to develop the South Azadegan oil field shared by Iran and Iraq.  
Iran and the oil giant, Total, have agreed to keep the articles of the accord confidential, and the French firm is now studying its participation in the development of the oil field. 
Earlier this month, Zangeneh had said that Iran and Total were in talks about the oil field, which is said to hold an in-situ oil reserve of about 33.2 billion barrels.  
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