Iran General NewsIran sets March gas field deadline for China, Tehran...

Iran sets March gas field deadline for China, Tehran Times says

-

Bloomber:  Iran’s oil minister, Rostam Qasemi, said China National Petroleum Corp. must start developing phase 11 of the South Pars gas field by the end of the Iranian year on March 20, 2013, the Tehran Times reported. Bloomberg

By Ladane Nasseri

Iran’s oil minister, Rostam Qasemi, said China National Petroleum Corp. must start developing phase 11 of the South Pars gas field by the end of the Iranian year on March 20, 2013, the Tehran Times reported.

An agreement was signed more than two years ago and Iran is “dissatisfied” with the Chinese company’s “frequent delaying,” the newspaper cited Mousa Souri, the managing director of Pars Oil and Gas Co., as saying last October.

The National Iranian Oil Co. signed a $5 billion contract with CNPC three years ago to develop phase 11 of the gas field, which Iran shares with Qatar. The Chinese company replaced French oil producer Total SA. Iran, which is under international financial and energy sanctions over its nuclear program, said it chose another partner because Total was delaying the project.

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

Norway deplores executions in Iran

Norway Post: Norway deplores the executions of 10 persons...

Iran says Khomeini’s “message” conquering Iraq

Iran Focus: Tehran, Iran, Dec. 22 – Iran’s powerful...

You might also likeRELATED
Recommended to you