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Iran to sign oil, gas deals with Shell

Iran is set to sign a preliminary agreement with Shell to develop major oil and gas fields as it seeks to boost its outputIran was set to sign a preliminary agreement with Shell on Wednesday to develop major oil and gas fields as it seeks to boost its output, an oil official said. The deals include a $10-12 billion expansion of the South Azadegan oil field and another project at the Yadavaran oil field, both in southwestern Iran, as well as an offshore gas field near Kish Island in the Gulf.

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