Iran: CNPC Takes Over South Pars 11

摘要

China National Petroleum Corp. (CNPC) has officially taken over Total’s share in Iran’s $4.8 billion South Pars 11 gas project after the French major withdrew from the scheme earlier this year due to US sanctions pressure, semiofficial Iranian news agency Icana has reported, quoting the Islamic republic’s Oil Minister Bijan Zanganeh (IOD Nov.1’18).