China's CNPC to take over Iran gas project if Total exits following U.S. sanctions

China's CNPC to take over Iran gas project if Total exits following U.S. sanctions

The logo of CNPC (China National Petroleum Corporation) is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015. REUTERS/Benoit Tessier/File Photo

China’s top oil and gas company CNPC is considering taking over Total‘s stake in a giant Iranian gas project if the French company leaves Iran to comply with any new U.S. sanctions, industry sources said.

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