A 16 billion dollars (11 billion euros) agreement to develop two Iranian gas fields was signed by Iran and Malaysia, state-run television reported Wednesday.
According to the contract, signed by Iran's Pars Oil and Gas Company (POGC) and Malaysia's SKS Ventures on Wednesday, Iran’s Golshan and Ferdows gas fields will be developed.
Iran's Oil Minister, Gholam Hossein Nozari, said the deal was a vindication of his country's efforts to counter pressures to isolate Iran.
Iran ranks second in the world in natural gas reserves.
Russian President Vladimir Putin and German Chancellor Angela Merkel had had a few fights and used strong language because of the Ukrainian crisis in 2014