Iran in Talks with China's CNPC over Stake in LNG Project

by Roshanak Taghavi Dow Jones Newswires Thursday, October 09, 2008 TEHRAN (Dow Jones Newswires), October 9, 2008 China National Petroleum Corp. is in talks with Iran to take a 25% stake in a major liquified natural gas project in the Islamic republic at the expense of France's Total S.A., a senior Iranian energy official said. Under the plan, CNPC would take a 25% stake in the Pars LNG project, while Total may see its share reduced to 25% from 40%, Nasratollah Seifi, a member of the board of directors at the National Iranian Gas Export Co., or NIGEC, told Dow Jones Newswires in an interview Wednesday. "At this moment, Total... [read full story]                    

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