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