Total Risks Losing Gas Field Stake to CNPC If It Quits Iran
Trump to decide on re-imposing sanctions on Iran by May 12/ , the only Western energy major investing in Iran, will lose its stake in the South Pars natural gas field to its Chinese partner if the Paris-based company withdraws from the country, the head of National Iranian Oil Co. said./ Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins, Ali Kardor, managing director of state-run NIOC, said Sunday at a news conference in Tehran. Kardor didn’t specify whether Total would receive ...
Click
To Read Full Article
