Iran warns of cancelling $5 bn China gas deal: media
Tehran (AFP) Dec 24, 2012
Iran has warned China it could cancel a much-delayed $5-billion
offshore gas exploration contract in the Gulf, a news agency said on
Monday.
"There is a possibility of cancelling the contract" signed in 2009 to
develop the South Pars gas field - which holds around eight percent of
the world's gas reserves - Mehr news quoted oil ministry spokesman
Alireza Nikzad as saying. http://www.energy-daily.com/reports/Iran_warns_of_cancelling_5_bn_China_gas_deal_media_999.html
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