After Total last month sealed a major contract to invest in the $4.8bn development of Phase 11 of the South Pars gas field (MEES, 7 July), another French national champion, Groupe Renault, on 7 August signed a JV deal to set up car manufacturing plant in Iran.   

The plant worth €660mn will produce 150,000 cars annually from 2018. It has been under negotiations for some 10 months, following the lifting of international sanctions in January 2016. The new plant will...