DUBAI, (Reuters) – Qatar National Bank(QNB) on Sunday it had not signed a deal to finance or was considering any investment in Iran’s Esfandiar oil field.

Iran said on Saturday QNB would invest 400 million euros ($581.4 million) to finance the development of the oil field, Oil Ministry website SHANA quoted a senior official as saying.

“Concerning the investment by QNB for the development of an offshore oil field in Iran, QNB announces that the bank is not aware of such a development, nor it is considering such an investment,” Qatar’s largest lender said in a statement.