By December 13, 2018 0 Comments Read More →

Iran to see if CNPC breaks giant gas field accords

Iranian officials said they will determine whether China’s CNPC breaks accords related to development of part of the world’s natural gas field in a project known as South Pars phase 11, and added that the country intends to stay in OPEC.

“We will make a decision based on regulations if it happens,” Iranian Oil Minister Bijan Zangeneh said Thursday during a television interview, as reported by Iranian news agency Irna.

Zangeneh was “commenting on a possible violation of the Chinese company CNPC in South Pars phase 11,” Irna added.

The comment comes after news reports hours earlier, based on unnamed sources, that CNPC was halting investments in the field because it was fearful of U.S. nuclear related sanctions.

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Posted in: Daily News

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The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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