[IsraelTimes] Massive South Pars field agreement, reached after 2015 nuclear accord, becomes latest business casualty of US sanctions campaign on Tehran.
| The noose continues to tighten. |
Oil Minister Bijan Zangeneh, quoted by the ministry’s SHANA news agency, said Sunday that the China National Petroleum Corp. was "no longer in the project." He did not elaborate or give any reason for the withdrawal, though SHANA said the company "had pulled out of a contract" to develop the field.
Officials in Beijing didn’t immediately acknowledge their decision. Phone calls to the CNPC rang unanswered on Sunday and its website bore no mention of the withdrawal. |