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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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