by Summary:
China’s state-owned energy giant CNPC is ready to replace French energy company Total’s stake in the Iranian South Pars gas project. In 2017, Total and CNPC signed a 20-year contract worth 4.8 billion dollars to develop Phase 11 of Iran’s South Pars field. Sputnik spoke with political analyst Tom McGregor about CNPC’s acquisition plan.Sputnik: How serious is CNPC about acquiring Total’s stake in the South Pars gas project in your opinion? McGregor: Definitely if it’s available to them they will certainly look at the deal and the way the Chinese do business is that they don’t make an announcement unless they are going to do something. They are very secretive about this kind of stuff, so unless there is some weird bluff, there’s no reason for them to make an announcement unless they are
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Mike Norman considers the following as important: CNPC, Iram, Total
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China’s state-owned energy giant CNPC is ready to replace French energy company Total’s stake in the Iranian South Pars gas project. In 2017, Total and CNPC signed a 20-year contract worth 4.8 billion dollars to develop Phase 11 of Iran’s South Pars field. Sputnik spoke with political analyst Tom McGregor about CNPC’s acquisition plan.Sputnik: How serious is CNPC about acquiring Total’s stake in the South Pars gas project in your opinion? McGregor: Definitely if it’s available to them they will certainly look at the deal and the way the Chinese do business is that they don’t make an announcement unless they are going to do something. They are very secretive about this kind of stuff, so unless there is some weird bluff, there’s no reason for them to make an announcement unless they are
Topics:
Mike Norman considers the following as important: CNPC, Iram, Total
This could be interesting, too:
Mike Norman writes Zero Hedge — Iran Sanctions Fallout: China Takes Over French Share In Giant Iran Gas Project
China’s state-owned energy giant CNPC is ready to replace French energy company Total’s stake in the Iranian South Pars gas project. In 2017, Total and CNPC signed a 20-year contract worth 4.8 billion dollars to develop Phase 11 of Iran’s South Pars field. Sputnik spoke with political analyst Tom McGregor about CNPC’s acquisition plan.
Sputnik: How serious is CNPC about acquiring Total’s stake in the South Pars gas project in your opinion?
McGregor: Definitely if it’s available to them they will certainly look at the deal and the way the Chinese do business is that they don’t make an announcement unless they are going to do something. They are very secretive about this kind of stuff, so unless there is some weird bluff, there’s no reason for them to make an announcement unless they are very serious. Chances are they are already taking action and they have already moved forward on it and they are just waiting to sign the deal to see what Total does. The Total energy giant in France and you do have these sanctions and then Trump has promised on campaign trail that he was going to create problems for Iran, so there should be no surprise. The European companies should have been prepared for this, years ago and I don’t know why they are overreacting. They knew what was going to happen after Trump was elected. So I think what happened was that the Chinese were prepared already and the European companies were not. ...
Sputnik International — Opinion
'Chinese Were Prepared, EU Companies Were Not’ for US' Iran Sanctions - Analyst
Sputnik interviews Tom McGregor, a political analyst and Asia-Pacific commentator for China's national TV broadcaster CNTV
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