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UPDATE 2-Italy's Saipem signs Iran deal as rights issue kicks off

MILAN, Jan 25- Saipem signed a memorandum of understanding on Monday to cooperate on major oil and gas projects in Iran, as the Italian oil contractor's giant 3.5 billion-euro rights issue began. The deal with Iran comes at an opportune time for the company, which has been hit hard by a prolonged oil price slump that has prompted oil majors to cut investment and seek...
Source: Reuters | By: Stephen Jewkes