Germany has agreed to provide Iran with the latest technology and training, to take advantage of the South Pars natural gas fields in Iran.

Iran is also working with several European countries for similar deals: “We are in talks with many foreign companies to attract U.S.$20 billion of investment.”-Mahmoud Zirakchianzadeh, Managing-Director of the National Iranian Offshore Oil Company

Iran has already signed a deal with South Korea.

Iran had signed a deal with the French, but said the French failed to live up to their end of the bargain.

Iran hopes to push production of the South Pars gas fields up to 1.1 billion cubic meters per day.