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China pulls out of South Pars project

China's national petroleum company has pulled out of developing Phase 11 of Iran's offshore South Pars gas field, Iranian media reported on Sunday, blaming the firm for constant and "unprecedented" delays in the project.

Lights out for CNPC at South Pars: A gas flare burns in part of the South Pars gas field on the northern coast of the Persian Gulf in Assalouyeh, Iran
Lights out for CNPC at South Pars: A gas flare burns in part of the South Pars gas field on the northern coast of the Persian Gulf in Assalouyeh, Iran
  • News Wires
Published 30 July 2012, 04:08Updated 30 July 2012, 04:08
Middle EastNorth Africa