CNPC pulls out from USD4.8 bil Iranian gas project

CNPC pulls out from USD4.8 bil Iranian gas project
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08.10.2019

MOSCOW (MRC) --В China's CNPC has pulled out from Iran's USD4.8 billion South Pars gas project, Iran's oil minister said on Sunday, after France's Total abandoned the deal last year amid looming US sanctions on Tehran, reported S&P Global.Iran's Petropars will now develop the Phase 11 of the gas project, which was signed in 2017. CNPC was supposed to take Total's 50.1% stake in the projec

Full article at mrcplast.com

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