Chinese Oil giant CNPC May be Latest to Bow to US Sanctions on Iran

South China Morning Post

07 October 2019

A Chinese oil giant appears to be the latest company to bow to US sanctions on Iran, with Tehran saying that the state-owned China National Petroleum Corp (CNPC) was no longer part of a $5 billion deal to develop a gas field in the country. “The sanctions on Cosco were sending a message to Beijing,” said James Dorsey, a senior fellow at RSIS in Singapore and NUS’s Middle East Institute.

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Last updated on 15/10/2019