The US has been seeking to cut off investment in Iran’s energy sector as part of an economic pressure campaign that China has criticised. Photo: Reuters
The US has been seeking to cut off investment in Iran’s energy sector as part of an economic pressure campaign that China has criticised. Photo: Reuters

Chinese oil giant CNPC may be latest to bow to US sanctions on Iran

  • Iranian minister on Sunday said the state-owned company had pulled out of US$5 billion South Pars field deal
  • It comes after six Chinese companies and five executives were sanctioned by the US for transporting oil out of Iran

The US has been seeking to cut off investment in Iran’s energy sector as part of an economic pressure campaign that China has criticised. Photo: Reuters
The US has been seeking to cut off investment in Iran’s energy sector as part of an economic pressure campaign that China has criticised. Photo: Reuters
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