Iran's South Pars Phase 11 Future Unclear as China’s CNPC Procrastinates

China National Petroleum Corporation is deferring its decision on the development of Iran's giant South Pars Gas Field Phase 11in the Persian Gulf as it has not started any operations yet, the deputy oil minister for international affairs said.
"After canceling its agreement to develop the field, the French energy company Total submitted the project's documents to its partner, CNPC, last month. However, CNPC has done nothing so far," Amir Hossein Zamaninia was quoted as saying.
Several meetings were held between the two oil majors to discuss the transition details.