U.S. policy on Iran won't harm its oil industry: ministerLONDON (Reuters) - U.S. President Donald Trump s revised hardline policy towards Iran will have little impact on Tehran s ambition to develop its vital oil industry and attract foreign investment, a senior Iranian official said on Tuesday. The Islamic Republic hopes to signs 10 new deals with foreign companies to develop oil and gas fields by March 2018, Amir Zamaninia, Iran s deputy oil minister for trade and international affairs, told the Oil & Money conference in London. Trump s decision last Friday not to certify that Iran was complying with last year s international deal on its nuclear power development program will not detract from Tehran s plans, he said.  I don t think any of us, or any of our partners have been surprised by this statement. Our expectations of policy formulation from Washington have been very measured,  he said.  The (U.S.) statement and policy ... has little or no effect and implication on our future plan in the oil industry,  Zamaninia said. Iran is negotiating 28 contracts with foreign companies, including many of Europe s top oil companies, under a new development contract, he added. France s Total (TOTF.PA) became in July the first Western oil major to re-enter Iran following the lifting of international sanctions with an agreement to develop the giant South Pars offshore gas field. Total s chief executive officer said in an interview with International Oil Daily the company will wait to see the impact of Trump s decision and that it will try to continue with it if the United States imposes unilateral sanctions.  We have signed a contract in Iran. If we can move forward, we ll move forward. If we cannot, we will have to stop,  Patrick Pouyanne said. Royal Dutch Shell (RDSa.L) has also signed an agreement with Iran for the possible development of oil and gas fields. Iran, which holds the world s largest gas reserves, plans to boost its gas production to 1.1 billion cubic meters per day by 2021 from the current 800 million bcm per day, Zamaninia said.  The OPEC member also aims to raise its oil production capacity to 4.7 million barrels per day by 2021 from the current 3.8 million bpd, he said. He said that the major oilfields - Azadegan, Yadavaran, Abteymour and Mansouri - have potential to increase output by 2 million bpd combined. worldnews
policy iran wo harm oil industry ministerlondon reuters president donald trump revised hardline policy towards iran little impact tehran ambition develop vital oil industry attract foreign investment senior iranian official said tuesday the islamic republic hopes signs new deals foreign companies develop oil gas fields march amir zamaninia iran deputy oil minister trade international affairs told oil money conference london trump decision last friday certify iran complying last year international deal nuclear power development program detract tehran plans said i think us partners surprised statement our expectations policy formulation washington measured said the statement policy little effect implication future plan oil industry zamaninia said iran negotiating contracts foreign companies including many europe top oil companies new development contract added france total became july first western oil major iran following lifting international sanctions agreement develop giant south pars offshore gas field total chief executive officer said interview international oil daily company wait see impact trump decision try continue united states imposes unilateral sanctions we signed contract iran if move forward move forward if stop patrick pouyanne said royal dutch shell also signed agreement iran possible development oil gas fields iran holds world largest gas reserves plans boost gas production billion cubic meters per day current million bcm per day zamaninia said the open member also aims raise oil production capacity million barrels per day current million bad said he said major oilfield azadegan yadavaran abteymour missouri potential increase output million bad combined worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: U.S. policy on Iran won't harm its oil industry: ministerLONDON (Reuters) - U.S. President Donald Trump s revised hardline policy towards Iran will have little impact on Tehran s ambition to develop its vital oil industry and attract foreign investment, a senior Iranian official said on Tuesday. The Islamic Republic hopes to signs 10 new deals with foreign companies to develop oil and gas fields by March 2018, Amir Zamaninia, Iran s deputy oil minister for trade and international affairs, told the Oil & Money conference in London. Trump s decision last Friday not to certify that Iran was complying with last year s international deal on its nuclear power development program will not detract from Tehran s plans, he said.  I don t think any of us, or any of our partners have been surprised by this statement. Our expectations of policy formulation from Washington have been very measured,  he said.  The (U.S.) statement and policy ... has little or no effect and implication on our future plan in the oil industry,  Zamaninia said. Iran is negotiating 28 contracts with foreign companies, including many of Europe s top oil companies, under a new development contract, he added. France s Total (TOTF.PA) became in July the first Western oil major to re-enter Iran following the lifting of international sanctions with an agreement to develop the giant South Pars offshore gas field. Total s chief executive officer said in an interview with International Oil Daily the company will wait to see the impact of Trump s decision and that it will try to continue with it if the United States imposes unilateral sanctions.  We have signed a contract in Iran. If we can move forward, we ll move forward. If we cannot, we will have to stop,  Patrick Pouyanne said. Royal Dutch Shell (RDSa.L) has also signed an agreement with Iran for the possible development of oil and gas fields. Iran, which holds the world s largest gas reserves, plans to boost its gas production to 1.1 billion cubic meters per day by 2021 from the current 800 million bcm per day, Zamaninia said.  The OPEC member also aims to raise its oil production capacity to 4.7 million barrels per day by 2021 from the current 3.8 million bpd, he said. He said that the major oilfields - Azadegan, Yadavaran, Abteymour and Mansouri - have potential to increase output by 2 million bpd combined. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: policy iran wo harm oil industry ministerlondon reuters president donald trump revised hardline policy towards iran little impact tehran ambition develop vital oil industry attract foreign investment senior iranian official said tuesday the islamic republic hopes signs new deals foreign companies develop oil gas fields march amir zamaninia iran deputy oil minister trade international affairs told oil money conference london trump decision last friday certify iran complying last year international deal nuclear power development program detract tehran plans said i think us partners surprised statement our expectations policy formulation washington measured said the statement policy little effect implication future plan oil industry zamaninia said iran negotiating contracts foreign companies including many europe top oil companies new development contract added france total became july first western oil major iran following lifting international sanctions agreement develop giant south pars offshore gas field total chief executive officer said interview international oil daily company wait see impact trump decision try continue united states imposes unilateral sanctions we signed contract iran if move forward move forward if stop patrick pouyanne said royal dutch shell also signed agreement iran possible development oil gas fields iran holds world largest gas reserves plans boost gas production billion cubic meters per day current million bcm per day zamaninia said the open member also aims raise oil production capacity million barrels per day current million bad said he said major oilfield azadegan yadavaran abteymour missouri potential increase output million bad combined worldnews