China National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: APChina National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: AP
China National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: AP

Chinese state oil firm withdraws from US$5 billion deal to develop Iranian natural gas field, Tehran says

  • South Pars field agreement, struck after Iran’s 2015 nuclear pact, appears to be latest business casualty of US pressure campaign on Tehran
  • French oil company Total SA pulled out of project earlier due to US sanctions on Iran

Topic |   China economy
China National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: APChina National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: AP
China National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: AP
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