China to expand energy footprint in Iran
CNPC to replace France’s Total as the majority stakeholder in South Pars 11 project/ The next episode of friction between Beijing and Washington could be staged in Iran, where a top Chinese energy firm, defying latest U.S. sanctions, is likely to expand its stake in a giant Iranian gas field. Iran’s state-run news agency IRNA has reported that China National Petroleum Corporation (CNPC), the world’s third-largest oil and gas firm, has replaced Total, the French energy giant, in the South Pars 11 project. “China National Petroleum Corp ...
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