Left Menu
Development News Edition

Iran says Chinese state oil firm withdraws from USD 5B deal Iran says

PTI | Tehran | Updated: 06-10-2019 17:00 IST | Created: 06-10-2019 16:55 IST
Iran says Chinese state oil firm withdraws from USD 5B deal Iran says

Iran's oil minister says China's state oil company has pulled out of a USD 5 billion deal to develop a massive offshore natural gas field, an agreement from which France's Total SA earlier withdrew. The Oil Ministry's SHANA news agency quoted Bijan Zangeneh making the comment Sunday.

Zangeneh said Iranians alone would redevelop the portion of its South Pars oil field. Zangeneh gave no reason for the Chinese withdrawal and officials in Beijing didn't immediately acknowledge it.

The 20-year deal at South Pars came after the 2015 nuclear deal between Iran and world powers. France's oil giant Total withdrew from the deal after President Donald Trump unilaterally withdrew America from the accord and imposed crushing sanctions on Iran.

China is in the midst of its own trade war with the US.



Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...


Latest News

Delhi Congress restructuring to start next week

Organisational restructuring in the Delhi Congress is expected to begin next week at the block level and priority will be given to partymen who worked hard during COVID-19 relief work, Delhi Congress president Anil Chaudhary said on Sunday....

Mike Tyson returns to ring, draws in exhibition with Jones

Mike Tyson showed glimpses of his destructive prime during the 54-year-old boxing icons return to the ring for a lively exhibition bout with 51-year-old Roy Jones Jr. Both fighters had impressive moments during a fight that was unofficiall...

New farm laws have begun mitigating farmers' problems in short span of time: PM

Amid ongoing protests by a section of farmers against new farm laws, Prime Minister Narendra Modi on Sunday asserted that these agriculture reforms have not only freed peasants from various shackles but have also bestowed on them new rights...

UP registers first cases under anti-conversion law in Bareilly district

Uttar Pradesh has registered its first case under the new anti-conversion law in Bareilly district on a complaint from the father of a young woman. The case was registered at the Devarniyan police station in Bareilly district on Saturday, o...

Give Feedback