“The Chinese have strung along Oil Ministry for over 2 years”, wrote a state medium, “delaying operations in the second phase of special economic region of Pars Energy. This is a 5-billion-dollar megaproject signed by Chinese CNPCI to develop Phase 11 of Southern Pars Field.”
On the other hand, this Asian company, despite several rounds of negotiations with Iran’s National Oil Company, should have established its support offices in Asalouyeh but has done nothing so far.
Prior to this, huge companies like Total and Shell had restrained themselves from investing in this project due to international embargo against the regime of Iran. If delays continue in Phase 11 of Southern Pars Field, chances are that the same fate as for French total, English Shell and Malaysian Petronas will be destined for this Asian company in the biggest gas field of the world.