A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. REUTERS/Raheb Homavandi
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Iran, already struggling to attract investors to its energy industry, may find things tougher still as U.S. President Donald Trump tries to undermine the nuclear deal that eased sanctions on OPEC's third-largest crude producer.Companies such as Total SA, which in July became the first major Western energy company to sign a production deal with Iran since the 2015 accord, may face new hurdles in contributing to the Persian Gulf country's estimated $100 billion need for oil and natural gas investment.The U.S. hasn't bought Iranian oil for close to 40 years, but the Gulf country's exports have flooded back into Asian and European markets, roughly doubling to between 2.2 million and 2.4 million barrels a day since sanctions were eased last year.Iran has raised oil output by about a third to some 3.8 million barrels a day since sanctions were eased in January 2016, and it's seeking to boost production capacity for crude to 4.7 million barrels a day over the next five years.
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