China's CNPC takes over Total's share in Iran gas project - Iranian agency
China`s state-owned energy major CNPC has taken over the share in Iran`s South Pars gas project held by France`s Total, the Iranian state news agency IRNA reported on Saturday.
Total has said it would pull out unless it secured a U.S. sanctions waiver.
"China National Petroleum Corp (CNPC) has replaced Total of France with a 80.1 percent stake in the phase 11 of the South Pars (gas field)," IRNA quoted Mohammad Mostafavi, director of investment of Iran`s state oil firm NIOC, as saying.
There was no immediate confirmation of the report by CNPC.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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