Ensuring the Technical Safety of Gas Infrastructures in Germany
Alfred Klees, Anika Groos >>> DVGW
Corrosion Prevention
For a century now, DENSO Group Germany represents experience, quality and reliability for corrosion prevention and sealing technology
Integrated Safety Concept of DVGW in Terms of Statistical Verification of Incidents
Frank Dietzsch >>> DVGW
DVGW safety concept for construction, operation, maintenance of high-pressure gas pipelines
A. Groos, D. Jagozinski >>> DVGW Michael Kurth >>> Gasunie Michael Steiner >>> Open Grid Europe
The Advantages of DVGW TSM – a Technical Safety Management System
Peggy Zeppei >>> ONTRAS
Enhanced Safety through expert assessments
Christian Engel >>> TÜV Nord Systems
BIL – the Germany-wide information system for pipeline enquiries
Jens Focke, Ingo Reiniger >>> BIL

China's CNPC to Acquire Majority Stake in Promising South Pars Iranian Gas Project

Horizon of Persian Gulf in South Pars area (Alireza824 / CC BY-SA 3.0)

Seeing no viable way to continue its operations in Iran without being severely penalized by US President Donald Trump's renewed sanctions, French oil giant Total has opted to sell its stake in Iran's South Pars Gas Development to China's state-owned energy company CNPC and head home.

Total, no stranger to Iran's energy resources, had formed an international consortium in Iran that included CNPC and the National Iranian Oil Company (NIOC), among others, to develop the giant South Pars gas field in the Persian Gulf. The company had made an initial investment of $1 billion for its 50.1 percent stake. Now China will be replacing Total with an enlarged 80.1 percent stake in Phase II of the multibillion dollar South Pars project.

The renewed U.S. sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program. U.S. President Donald Trump abandoned the deal in May. Washington is planning to impose heavier sanctions in November aimed at Iran’s oil sector.

Add new comment

Subscription

Subscribe for free in order to get the next issue of Pipeline Technology Journal and the bi-weekly ptj Newsletter directly into your mailbox. You could unsubscribe at any time if you wish.

Subscribe

Contact

Admir Celovic
E-mail: ptj@eitep.de
Phone: : +49 (0)511 90 99 2-20



Contact Page
Go to top