Iran to Cancel China Gas Contract

[Surenas]

Iran has warned China it could cancel a much-delayed $5-billion offshore gas exploration contract to develop South Pars field in the Persian Gulf, Iran’s oil ministry announced on Monday.

“There is a possibility of cancelling the contract signed in 2009 to develop the South Pars gas field -- which holds around eight percent of the world's gas reserves,” said oil ministry spokesman Alireza Nikzad. (Mehr News Agency, 24 December)

South Pars, a huge offshore natural gas field shared between Iran and Qatar, holds one of the world’s largest reserves of natural gas. China National Petroleum Corporation (CNPC), China’s largest oil and gas producer and supplier, was contracted for the project.

Iran has accused China in the past of failing to fulfill its commitments and delaying its contractual obligations. It suspended a $16-billion contract with China last year for the North Pars gas field.

“The Chinese side has stated it is not inclined to be part of the project's (South Pars) development,” citing the “high risk” involved in offshore exploration, Nikzad added.

Major Western companies that had been operating in South Pars, among them France's Total and Anglo-Dutch Shell, withdrew from Iran between 2007 and 2010 after international sanctions were imposed over Iran’s controversial nuclear program.

Uskowi on Iran -

 

[Sanchez]

Donn't know what to say...

 

[Pouring Rain]

Donn't know what to say...

Iran does not have time to keep playing my friend. The chinese company needs to make it's mind up about this deal. The south pars projects needs to be fnished quickly.

 

[SOHEIL]

good job ... throw away ...

 

[rashid.sarwar]

The china may need some advance technology from the west when completing the project.

This might be one of the reason, the west may not sell the equipments, parts, technology required for the completion of project

 

[cnleio]

LOL, business man to deal with troubles through the business way. VERY NORMAL

 

[twilight]

Iran does not have time to keep playing my friend. The chinese company needs to make it's mind up about this deal. The south pars projects needs to be fnished quickly.

and actually , most of Iranian company already complete their project with lesser price and faster .... Chinese shouldn't try to abuse Iran's situation ....

Iran does not have time to keep playing my friend. The chinese company needs to make it's mind up about this deal. The south pars projects needs to be fnished quickly.

and actually , most of Iranian company already complete their project with lesser price and faster .... Chinese shouldn't try to abuse Iran's situation ....

 

[Pouring Rain]

LOL, business man to deal with troubles through the business way. VERY NORMAL

Problem is, we found th gas reseves in that area first but the qataris got their masters (The west) to hurry and make projects so they can sell gas. Now Iran needs to hurry and start selling gas too, as for the time being only the qataris are the ones making the most of that are.

 

[Sedqal]

and actually , most of Iranian company already complete their project with lesser price and faster .... Chinese shouldn't try to abuse Iran's situation ....



and actually , most of Iranian company already complete their project with lesser price and faster .... Chinese shouldn't try to abuse Iran's situation ....

Iran has been pushed to wall (latest sanctions). Its immoral but the world at large is going to take advantage.

 

[cnleio]

Problem is, we found th gas reseves in that area first but the qataris got their masters (The west) to hurry and make projects so they can sell gas. Now Iran needs to hurry and start selling gas too, as for the time being only the qataris are the ones making the most of that are.

LOL, tell Chinese and Iran workers, as long as completed the project ahead of the schedule, give all ur guys a raise in salary. I believe all workers will do the job as soon as possible.

 

[Chinese-Dragon]

and actually , most of Iranian company already complete their project with lesser price and faster .... Chinese shouldn't try to abuse Iran's situation ....

Abuse Iran's situation, are you kidding me?

We are the ones who are standing up for Iran (and pissing off our Western customers for this), and we are the number 1 buyers of Iranian oil.

When the whole world was threatening us not to do so, we STILL vetoed the Syrian resolution along with Russia.

The Westerners are our largest export market, we are giving up a lot to stand on the side of Iran.

 

[Pouring Rain]

Abuse Iran's situation, are you kidding me?

We are the ones who are standing up for Iran (and pissing off our Western customers for this), and we are the number 1 buyers of Iranian oil.

When the whole world was threatening us not to do so, we STILL vetoed the Syrian resolution along with Russia.

The Westerners are our largest export market, we are giving up a lot to stand on the side of Iran.

We Thank China for it's help bro.

Why people making a big deal out of this anyway. Iran needs to give more priority to it's own companies. I mean if own compaies can do this project cheaper then we should give it to our own company right?

 

[Chinese-Dragon]

We Thank China for it's help bro.

Why people making a big deal out of this anyway. Iran needs to give more priority to it's own companies. I mean if own compaies can do this project cheaper then we should give it to our own company right?

You are absolutely right.

Iran should of course give priority to its own domestic companies. Business is business, no hard feelings about that.

I am just arguing against the idea that China is abusing Iran's situation. The West is threatening the entire world to stop any country from doing business with Iran at all. Do you know how many hundreds of billions of dollars we make from the West every year? They are by far our biggest market, we stand to lose hundreds of billions if they chose to blacklist or sanction us.

But despite that, we are still the number 1 buyers of Iranian oil. Because we are betting on Iran to come out ahead, and emerge as the strongest regional power in the Middle East. If that comes true then all the risk will be worth it, if we have a powerful Iran as a partner.

 

[Pouring Rain]

You are absolutely right.

Iran should of course give priority to its own domestic companies. Business is business, no hard feelings about that.

I am just arguing against the fact that China is abusing Iran's situation. The West is threatening the entire world to stop any country from doing business with Iran at all, and their punishment is blacklisting of our banks. Do you know how many hundreds of billions of dollars we make from the West every year? If they blacklisted our banks we would lose more money than I can even count, since the West is our largest export market.

But despite that, we are still the number 1 buyers of Iranian oil. Because we are betting on Iran to come out ahead, and emerge as the strongest regional power in the Middle East.

Brother. Iran-China frienship is essencial for the word.

Iran-China-Russia are the forces countering US and their puppets influences.
Iran-China relation date back 5000 years minimum and will continue to grow.

West will never dare try and harm China for your relation with us, China is too powerful econmically and the west NEED you.

 

[cnleio]

Today for the oil, Chinese workers and engineers go anywhere of this planet to find and dig it.
In Iran, in Arab, in Afghanistan, in Sout of China Sea, in East Sea, in Libya, in Venezuela, in Pacific Ocean, in Sudan, in Africa, in South-America etc, u can find China Petroleum Corporation