Chinese companies also withdraw from Iranian gas field development
The Iranian government has revealed that a major Chinese state-owned company has withdrawn from a large gas field development in the Persian Gulf. As American economic sanctions against Iran have strengthened, the economic situation surrounding Iran has become increasingly severe due to the withdrawal of Chinese companies that have opposed sanctions.
According to a news site under the Ministry of Petroleum of Iran, Iran's Zhangane Petroleum Minister of Petroleum's largest gas field “South Perth” in Persian Gulf, Revealed withdrawal from the project.
With regard to the gas field development, in response to the resumption of economic sanctions against Iran by the US Trump administration, the French energy giant “Total” withdrew in August last year, and Iran expects Chinese companies to remain. It was.
The Chinese government has repeatedly opposed the American sanctions and has stressed the desire to maintain economic relations with Iran.
I don't know the exact reason for the withdrawal, but as the US economic sanctions against Iran have strengthened, the economic situation surrounding Iran has become increasingly severe as Chinese companies have been affected by the sanctions.