Reuters: China National Petroleum Corp (CNPC) is to take over French oil firm Total SA's stake in the Iranian South Pars field, Malaysia's Petronas, itself a stakeholder in the field, said on Monday.
KUALA LUMPUR, June 8 (Reuters) – China National Petroleum Corp (CNPC) is to take over French oil firm Total SA's stake in the Iranian South Pars field, Malaysia's Petronas, itself a stakeholder in the field, said on Monday.
"I have been told by CNPC that they are taking over Total's interests in the upstream and that they will become the operator for South Pars 11," Mohd Hassan Marican, Petronas Chief Executive told Reuters in an interview.
Hassan, speaking at the Asia Oil and Gas conference in Kuala Lumpur, said that he had "not had any confirmation from Total". (Reporting by David Chance and Chua Baizhen; Editing by Ramthan Hussain)
