Iran Cancels $2.5 Billion Contract with Chinese Oil Company

(Wall Street Journal) Benoit Faucon - Tehran said Tuesday it was canceling a $2.5 billion deal with China National Petroleum Corp. for the development of a giant Iranian oil field. China had stepped in after Western oil companies pulled out of Iran following a European ban on investing in the Islamic Republic.


2014-04-29 00:00:00

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