Total signs agreement with Iran

French energy company Total said it signed a framework agreement to purchase crude oil from Iran during the Iranian president's trade visit to Paris.

Total Chairman Patrick Pouyanne met with Iranian President Hassan Rouhani, whose trade mission to Europe marks the first for an Iranian president in more than a decade.

Iranian economic doors to Europe have opened in the wake of the declaration that it had met the terms of a multilateral nuclear agreement brokered in July. Delegates from European energy majors were said to have been in Tehran earlier this month to review the potential for closer ties.

/By AzerTac/