Fresh from axing its contract at the 42bn barrel South Azadegan oil field, Iran has warned that the same fate could await CNPC at another key project if it fails to speed up work following years of ‘less than satisfactory’ progress.
Iran’s Oil Ministry hierarchy is fast losing its patience with Chinese state companies involved in the Iranian upstream, as they continue to drag their feet on projects Tehran considers key in its efforts to boost oil output capacity. (CONTINUED - 1576 WORDS)
