PetroChina to finance 33.2 billion or take over Iran's largest gas field upstream development

Every reporter Shing Chunlai from Beijing according to Reuters, CNPC is likely to take over the development of the South Pars gas field in the hands of total France, while CNPC may pay 4.7 billion US dollars (about 32.2 billion yuan), the Iranian state news agency reported in Wednesday. Iran's oil and gas delegation led by Saifu Jashnesez, Deputy minister of Iran's Oil Ministry and general manager of Iran's national oil company, conducted a final round of talks in Beijing on the 11th phase of China's investment in the development of the South Pars gas field in Iran and the signing of the contract, June 3.　　Sources said that the two sides had signed the relevant agreement yesterday. But none of the newspaper's contacts with CNPC has been known. CNPC insiders said there was no announcement of an agreement yesterday. Iran and CNPC have already cooperated on the Oil field project, which is part of the partnership, according to insiders.　　However, the person did not disclose the relevant details of the signing of the agreement.　　Public data show that in January this year, CNPC and the Iranian national oil company signed a 1.76 billion dollar joint development of Iran's North Azadi oil field project, this time is aimed at developing Iran's largest gas field in the Persian Gulf of the South Pars gas field (SP gasfield) phase 11th project. Iran's South Pars gas field is the world's largest gas field, with about 14 trillion cubic meters of natural reserves, accounting for about 8% of the world's total natural gas reserves. Previously, the project was last year by the total company of France and Iran CuO talks.　　However, the negotiations have been slow and have been delayed as a result of disputes between the two parties on the terms of the contract. Why is the total delay in signing the contract without the lack of technology and lack of capital? The independent economist Andy Xie believes that perhaps total is political.　　It is understood that Iran has the world's 2nd largest natural gas reserves, after Russia, but the United Nations Security Council and the United States sanctions and other factors to prevent Western companies to invest in the country, Iran's development of natural gas exports is slow. Why does PetroChina dare to take over this "hot potato"? Andy Xie analyzed that China's relationship with Iran was relatively good, and that it had previously cooperated, and that the project was operating relatively smoothly.