China’s CNPC halts activities in Iran’s South Pars project
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, China National Petroleum Corp (CNPC) has chosen not to continue its activities in the Phase 11 project in the South Pars gas field in Asaluyeh, Iran.
In November, the state-owned company was reported to have replaced Total as the operator of the project, after the French oil and gas major left Iran upon failing to obtain a waiver from the US-imposed sanctions. However, CNPC reportedly has not yet started working on the project.
The move was seen as the Chinese government’s attempt to keep the ongoing trade talks between the US and Chinese officials from derailing.
In November, the state-owned company was reported to have replaced Total as the operator of the project, after the French oil and gas major left Iran upon failing to obtain a waiver from the US-imposed sanctions. However, CNPC reportedly has not yet started working on the project.
The move was seen as the Chinese government’s attempt to keep the ongoing trade talks between the US and Chinese officials from derailing.
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