Iran General NewsIran says china keeping north Azadegan oil project

Iran says china keeping north Azadegan oil project

-

Wall Street Journal: China National Petroleum Corp. will retain Iran’s North Azadegan oil-field project for the time being, a top Tehran official said Wednesday, after the company lost the neighboring South Azadegan contract last week.

 

The Wall Street Journal

By Benoit Faucon

China National Petroleum Corp. will retain Iran’s North Azadegan oil-field project for the time being, a top Tehran official said Wednesday, after the company lost the neighboring South Azadegan contract last week.

The disclosure is good news for Chinese oil companies generally, which have been losing ground in Iran’s oil sector in recent weeks over continuous setbacks.

In an interview with the Wall Street Journal, Ali Majedi, Iran’s deputy oil minister for international affairs, said CNPC “is still working in North Azadegan” despite some delays.

Last week, Iran announced it was terminating CNPC’s South Azadegan contract over repeated delays. The onshore oil-field project borders North Azadegan near Iran’s Western border with Iraq.

Latest news

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Must read

Iran: Four young people face execution

AKI: Four young people, who were minors at the...

Iraq makes request for WMDs

Standard.net: No, this is not The Onion. No, this...

You might also likeRELATED
Recommended to you