Integrity Management
Development of a Novel Subsurface Monitoring and Oil Leak Detection System - SubSense LDS
Stephen Edmondson, Kaushik Parmar, Adrian Banica >>> Direct-C
Corrosion Prevention
For a century now, DENSO Group Germany represents experience, quality and reliability for corrosion prevention and sealing technology
Steel pipeline failure probability evaluation based on in-line inspection results
Maciej Witek >>> GAZ-SYSTEM
Assessing Repeat ILI Data Using Signal-to-Signal Comparison Techniques
Jane Dawson, Geoffrey Hurd >>> Baker Hughes, a GE company
Condition Assessment for Optimizing Gasunie's Network Improvement Program (GNIP)
Martin Hommes, Karen van Bloemendaal, Roelof Corster, Maurice Gielisse >>> DNV GL Martin van Agteren, E.E.R. Jäger >>> Gasunie Transport Services
Data-driven approaches to Pipeline Cleaning
Otto Huisman >>> ROSEN Group
Trial of a Process for the Identification of Reduced Depth of Cover on Buried Pipelines
Daniel Finley, Michiel Roeleveld, Simon Daniels, Klaas Kole >>> ROSEN Group Paul Ogden >>> National Grid

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