Exploration & Production

CNPC undecided on Total’s South Pars stake

CNPC has not yet decided if it will take over Iran’s South Pars gas project if US sanctions force Total to withdraw.
By Staff reporter 14 May 2018 0 30837

China National Petroleum Corp. (CNPC) has not yet decided if it will take over Iran’s South Pars gas project if US sanctions force Total to withdraw, the English-language Gulf News newspaper reported CNPC Chairman Wang Yilin as saying on Sunday.

“We have not made a decision [on Iran] yet,” said Wang at Abu Dhabi National Oil Co.’s Downstream Investment Forum in Abu Dhabi.

CNPC holds a 30% stake in the field and could take over...