China’s CNPC ‘takes over Total’s share in big Iran gas project’

13 Août, 2018, 08:24 | Auteur: Auguste Feret
  • China’s CNPC ‘takes over Total’s share in big Iran gas project’

Iran's official IRNA news agency is reporting that China's state-owned petroleum corporation has taken a majority share of the country's South Pars gas project after French oil and gas company Total announced it would pull out because renewed USA economic sanctions against Iran.

Total had said it would pull out of the project unless it secured a waiver. Total had originally agreed to take a 50.1 per cent interest. The second wave that would hit in November would ban investments in Iran's oil and gas projects. Terms of the contract have not yet officially changed, though, according to Shana, the oil ministry's official news site. Calls to CNPC went unanswered on Sunday.

A spokeswoman for Total declined to comment.

Total, which finalized its agreement with Iran in July 2017, had already spent some €40-million ($45.7-million) on the project when Trump announced in May that the USA would exit the 2015 worldwide nuclear deal with Iran and reimpose sanctions on Tehran.

It was the first Western energy investment in the Islamic republic after sanctions were lifted in 2016.

Hundreds injured in anti-government protest in Romania
Several journalists, including an Austrian public television ORF cameraman, said they were attacked with tear gas by riot police. People shine the lights of their mobile phones during a protest outside the government headquarters in Bucharest .

Sevilla threaten action over rule change for Spanish Super Cup vs. Barcelona
This is also the first year that the trophy will be decided over one game, with the Super Cup previously a two-legged affair. According to the rule governing the game in Spain, only three non-EU players are allowed in each La Liga matchday squad.

Real Madrid, Liga, l'étrange fin de mercato de Mariano Diaz — OL
Il faut dire que le Real Madrid dispose d'encore 40% des droits du joueur ce qui faciliterait l'opération. Le premier exercice complet de sa carrière dans l'élite d'un championnat majeur avec un rôle important.

The renewal of US sanctions took effect on Tuesday.

Scores of European companies, including Total, have withdrawn their operations and investments from the oil-rich Persian Gulf country since the US reversal.

Total and CNPC are part of an global consortium that signed a deal with Iran's state oil firm National Iranian Oil Company (NIOC) in 2017 to develop Phase II of the South Pars field, which has the world's biggest natural gas reserves ever found in one place.

Total had previously withdrawn from the field in 2009 because of sanctions. It planned an initial investment of $1 billion for Phase 11, with the aim of eventually producing 2 billion cubic feet a day, or 400,000 barrels of oil equivalent a day including condensate, the company said in a statement in July 2017.

CNPC has been active in Iran since 2004, operating in oil, gas and oil-field services, according to the company's website.

Conseillé:

  • Manchester City make Emery suffer in his Premier League debut

    City were then nearly gifted a comedic second when Cech's attempted pass to Mustafi rolled past his post and out for a corner. Ederson is expected to replace Claudio Bravo in goal after the Chilean started City's Community Shield win over Chelsea .
    Donald Trump backs boycott of Harley-Davidson in steel tariff dispute

    Donald Trump backs boycott of Harley-Davidson in steel tariff dispute

    In January, it said it would consolidate its Kansas City, Missouri, plant into its York, Pennsylvania, facility. A really bad move! "Most other companies are coming in our direction, including Harley competitors.
    Kurt Zouma finally completes Everton loan move from Chelsea

    Kurt Zouma finally completes Everton loan move from Chelsea

    The Frenchman will miss out on the trip to Molineux alongside deadline day signings Bernard , Yerry Mina and Andre Gomes . It is the best league in the world. "It's a team that fights with the big guys and I think we can do a great job there".
  • Body Found at New Mexico Compound Believed to be Missing Black Boy

    Body Found at New Mexico Compound Believed to be Missing Black Boy

    But he said his son and one of his daughters had become "overly concerned" with the idea of people becoming possessed. Commenting on being named an unindicted co-conspirator, Wahhaj argued he was one of 172 people put on a list by U.S.
    Orages: dix départements du Sud-Ouest en vigilance orange dimanche après-midi

    Orages: dix départements du Sud-Ouest en vigilance orange dimanche après-midi

    Les orages s'accompagneront alors de fortes rafales de vent de l'ordre de 80 à 100 km/h, et même au-delà localement. Une dégradation orageuse se généralisera par les Pyrénées, et débordera rapidement vers les plaines.
    Unai Emery confirms new Arsenal captain

    Unai Emery confirms new Arsenal captain

    Manchester City and Arsenal faced off in the final fixture of the opening game week of the new Premier League season as Unai Emery was pitted against Pep Guardiola in his first ever competitive game as Arsenal manager.
  • CPL: Andre Russell breaks records as Jamaica Tallawahs beat Trinbago Knight Riders

    CPL: Andre Russell breaks records as Jamaica Tallawahs beat Trinbago Knight Riders

    The 100 came up in just 40 balls, making it the fastest ever CPL T20 century that also contained a record 13 sixes. The rest is history. (2) Trinbago Knight Riders v St Kitts & Nevis Patriots (8pm), Queen's Park Oval.
    Ten in hospital after Manchester shooting

    Ten in hospital after Manchester shooting

    A carnival in the area had finished some hours before the incident, it was reported. TEN people have been injured after a shooting incident in Manchester .
    Ramon Laureano executes 321-foot throw to complete double play

    Ramon Laureano executes 321-foot throw to complete double play

    Check it out from a better angle, and you can really appreciate how far of a throw Laureano had to make. On Saturday night, he gave us one of the finest defensive plays of the season.
  • Week to forget for Celtic as 'proper Hearts' return

    Week to forget for Celtic as 'proper Hearts' return

    It is hard for a player. "My concentration is really on the players that are going to play and are going to be fit to play in Athens".
    Arsenal v Manchester City

    Arsenal v Manchester City

    Manchester City English Premier League opening weekend featured match in the video below, courtesy of NBC Sports . It seemed the goal might open the floodgates, but Cech was in solid form and kept the score down to just one.
    Cousins shines as Vikings beat Broncos 42-28

    Cousins shines as Vikings beat Broncos 42-28

    Broncos S Jamal Carter (hamstring), CB Marcus Rios (hip) and TE Austin Traylor (right shoulder) got hurt. Thomas caught two touchdowns, including this 78-yard screen pass from quarterback Trevor Siemian.


Populaire

Brooks Koepka holds off Tiger Woods, Adam Scott to win PGA Championship
No shots were more important than a four-hole stretch he played in 2 over that turned Sunday into what could be a free-for-all. He made a sloppy par at the par-5 17th but was still in cruise control as Scott missed a short birdie putt to move within one.

There's been a lot of talking - Sterling explains Arsenal goal celebration
However, Wanderers will be disappointed it was not more having played against 10 men for the majority of the game. Gray did note that Emery needs time to adjust, but based on that performance Arsenal are way off the pace .

Isabela Moner dévoile une première photo #DoraTheExplorer — Dora the Explorer
"Je suis honorée et excitée de donner vie à Dora", se réjouissait Isabela Moner comme le rapporte Allo Ciné . En août 2019, Dora l'exploratrice prendra forme humaine pour le cinéma.

Dwyane Wade clowns ex-teammate Kendrick Perkins
Wade said there is "no clock" on his decision. "If I play the game of basketball this year it will be in a Miami uniform. But there are other things that come into play that I have to talk about and I'm sure UD has to talk about on his own.

Turkey’s Erdogan stands by opposition to high interest rates
President Donald Trump broke the news on social media that he authorized the doubling of existing steel and aluminum duties on imports from Turkey.

Fuyant la police, il se réfugie à la DGSE
Le lieu, surnommé la "piscine" et popularisé par la série "Le bureau des légendes", est hautement protégé, classé secret-défense. Il a immédiatement été interpellé et remis au commissariat du XIXe arrondissement où il a été placé en garde à vue.

U.S. tariffs hike adds to Turkey's economic problems
On Friday the currency dropped as much as 18% at one point, the biggest one-day fall since a 2001 financial crisis in Turkey. The dollar eased against the safe haven yen to 110.65, but was a shade firmer against a basket of currencies at 96.388.

England vs India 2nd Test, Day 3: Hosts lose openers Jennings, Cook
That partnership helped England recover from a top-order collapse that saw them slump to 89 for four at lunch on the third day. England outclassed India by an innings and 159 runs to win the second Test at Lord's on Sunday.

New changes announced for upcoming Oscars ceremonies
The biggest Academy Awards audience on record came in 1998 when the blockbuster " Titanic " was named best picture. In 2009, it expanded the number of best picture nominees from five to 10 in a bid to open up the competition.

PA adds jobs, but unemployment rate up
Nationally, Statistics Canada says the country added 54,100 jobs in July and the national unemployment rate fell to 5.8 per cent. Camrose-Drumheller is sitting at an unemployment rate of 4.5 per cent up from June's 4.4 per cent.