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Hyundai signs 3 bn euro deal for Iran oil project

Hyundai signs 3 bn euro deal for Iran oil project

Tuesday, March 14, 2017, 10:15 AM

Hyundai has signed a deal worth 3 billion euros to invest in a major Iranian oil project. Hyundai Engineering plans to invest 3.1 billion euros in the second phase of the Kangan oil production and refinery project in south-west Iran. The agreement marks one of the biggest investments since a 2015 nuclear accord between Tehran and world powers lifted global sanctions on Iran.
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