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China's CNPC replacing France's Total in Iran project

China's CNPC replacing France's Total in Iran project
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DUBAI (Reuters) – China’s state-owned CNPC has replaced France’s Total <TOTF.PA> in Iran’s multi-billion dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday.

“China’s CNPC has officially replaced Total in Phase 11 of South Pars but it has not started work practically. Talks need to be held with CNPC … about when it will start operations,” Zanganeh told ICANA.

(Reporting by Dubai newsroom; Editing by Elaine Hardcastle)

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