Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
CNPC - NIOC South Azadegan Field Development
description
In pursuance of a non-binding MOU, China will receive a 70 percent stake in the South Azadegan oilfield in exchange for funding 90 percent of the development costs of the field. Japan's Inpex holds a 10% stake. South Azadegan field could produce 260,000 barrels of oil per day.
- Country: China
- Client: National Iranian Oil Company
- Contractor: China National Petroleum Corporation
Status
- Current Status:
- Discussion Date: Fri, 2009-07-31
- Contract Date:
- Completion Date:
Citation
1. "CNPC 'strikes South Azadegan deal'", Upstream Online. July 31, 2009. Available at http://www.upstreamonline.com/live/article184876.ece.
2. "China CNPC signs MOU with Iran on South Azadegan", Reuters. August 1, 2009. Available at http://news.alibaba.com/article/detail/energy/100147293-1-china-cnpc-sig....
3. "Iran, China Sign $1.7bln Oil Contract," Fars News Agency, January 15, 2009, available at http://english.farsnews.com/newstext.php?nn=8710260944.
All projects by China National Petroleum Corporation
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| China National Petroleum Corporation | CNPC Upstream Activities - Kuhdasht Block | $18 million |
12/31/09 |
---- | |||
| China National Petroleum Corporation | CNPC - NIOC South Azadegan Field Development | $2.5 billion |
09/28/09 |
In Progress | |||
| China National Petroleum Corporation | CNPC to Develop North Azadegan Oilfield | $2 billion |
01/16/09 |
Contracted | |||
| China National Petroleum Corporation | NIOC - CNPC, South Pars Phase 11 | $4.7 billion |
02/10/10 |
---- | |||
| China National Petroleum Corporation | Sinopec, CNPC, Crude Oil Imports | ---- |
11/11/09 |
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