NIOC, Chinese CNPCI sign new deal on southern Iranian oil field
Chinese CNPCI has been given a chance to participate Masjed Soleiman oil field recovery rate for the second time after an aborted deal in 2011. Chinese contractors had been seeking to fill the gap in Iran's oil industries with Royal Dutch Shell, French Total, and Italian Eni had left the country to avoid the biting of the US sanctions; now the much vaunted JCPOA which had raised the expectations of observers that EU giants would return Iran, has brought no such boons for Iran's antiquated oil industry, thus Chinese companies are the sole ...
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