China's national petroleum company has pulled out of developing Phase 11 of Iran's offshore South Pars gas field, Iranian media reported on Sunday, blaming the firm for constant and "unprecedented" delays in the project.
Tehran signed a $4.7 billion contract with China National Petroleum Corporation (CNPC) in 2009 to help develop Phase 11 of South Pars, replacing France's Total SA, which it had also accused of delays.
Citing information from Iran's Oil Ministry, Mehr News Agency said CNPC had pulled out its workers from Asaluyeh, the city on the shore of the Mideast Gulf close to the South Pars gas field.
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