An Iranian company is going to take over a drilling project in phase 11 of the country’s South Pars gas field.
China’s state oil firm has pulled out of a $5bn deal to develop a portion of Iran’s massive offshore natural gas field, the Islamic republic’s oil minister said on Sunday, an agreement from which France’s Total SA earlier withdrew over US sanctions. The South Pars field deal, struck in the wake of Iran’s 2015 nuclear […]
An official with the National Iranian Oil Company (NIOC) said that the development project of South Pars Phase 11 would commence this Iranian calendar year (ending on March 20).
Managing Director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said that talks are underway with Chinese on development of the Phase 11 of South Pars gas field.
TEHRAN – China National Petroleum Corporation (CNPC) is weighing taking over Total’s stake in Iran’s South Pars gas field project if the French company leaves to avoid possible U.S. sanctions, Reuters reported citing industry sources. Under the terms of the agreement to develop phase 11 of South Pars, the world’s largest gas field, CNPC could […]