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Iran Says Chinese State Oil Firm Has Withdrawn From $5bn Deal

Iran Says Chinese State Oil Firm Has Withdrawn From $5bn Deal

Publicerat av Tony Harkén måndag, 07 oktober 2019.

The Chinese company has pulled out of the deal in what appears to be the latest economic setback due to US sanctions.

China's state oil company has pulled out of a $5bn deal to develop a portion of Iran's massive offshore natural gas field, the Islamic republic's oil minister said on Sunday, an agreement from which France's Total SA earlier withdrew over US sanctions.

The South Pars field deal, struck in the wake of Iran's 2015 nuclear deal with world powers, appears to be just the latest business casualty of America's pressure campaign on Tehran following President Donald Trump's unilateral withdrawal of the US from the deal.

Read more atALJAZEERA

Publicerat av

Tony Harkén

kina

Klockan i Hong Kong, Kina

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