China's CNPC lifting equity oil from Iran as normal
exec/ SHANGHAI, Nov 9 (Reuters) - Chinese oil major CNPC is continuing to lift equity oil from Iranian oilfields as normal, the group’s vice president told Reuters on Friday. “Our main cooperation with Iran is upstream investment. Lifting equity oil is recouping our investment there,” Hou Qijun said on the sidelines of an industry event. Hou’s comments come after the United States restored on Monday sanctions targeting Iran’s oil, banking and transport sectors, but offered waivers to some countries. (Reporting by Aizhu Chen.)
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