1. The Chinese Betting Can Iran Develop Phase 11 of the South Pars Field?
- Author:
- FARAS
- Publication Date:
- 12-2018
- Content Type:
- Commentary and Analysis
- Institution:
- Future for Advanced Research and Studies (FARAS)
- Abstract:
- China National Petroleum Corporation (CNPC) has replaced Total of France as a major operator in the development of phase 11 of the South Pars gas field. This is a substantial gain for the Iranian government, which strives to lure international investors to shore up its economy following the withdrawal of most foreign companies from the market due to US sanctions in last August and November. However, the project appears to hit many hurdles, including the Chinese company’s fears of heavy US fines or escalation of the US ongoing trade war against the county in the coming period.
- Topic:
- Energy Policy, Government, Oil, Sanctions, Gas, and Trade Wars
- Political Geography:
- China, Iran, Middle East, and Asia