CNPC withdraws from Iran as China’s US ambitions take root

Leigh Elston

30 July 2012 | 16:32 GMT

Natural Gas News - CNPC withdraws from Iran as China’s US ambitions take root

After three years of wrangling with the Iranian oil ministry, CNPC has finally withdrawn from the South Pars Phase 11 project, potentially giving China more freedom to focus on investments in America.

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