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CNPC to take on South Pars interest in Iran
Chinese state-owned oil company CNPC is reported to have taken over Total’s 50.1% stake in Iran’s South Pars gas project, after the French company failed to obtain a waiver from US sanctions against the Middle East country.
CNPC already holds a 30% interest in the offshore field, which Iran calls South Pars and Qatar calls North Field. National Iranian Oil Company subsidiary PetroPars holds the remaining 19.9%.
News Item details
Journal title: Petroleum Review
Region: Middle East
Countries: Iran -
Subjects: Gas markets, Policy and Governance, Exploration and production, Gas
