Zero Hedge — Iran Sanctions Fallout: China Takes Over French Share In Giant Iran Gas Project

The world just got a lot more complicated.

When it comes to the Middle East, China has not been shy about its recent ambitions to expand its geopolitical influence in the Gulf region: Just last week we reported that the Chinese Ambassador to Syria, Qi Qianjin, shocked Middle East pundits and observers by indicating the Chinese military may fill the void left in the wake of the collapse of ISIS - and most regional armies - and directly assist the Syrian Army in an upcoming major offensive on jihadist-held Idlib province.…

And having staked a military claim in Syria, China was next set to expand its national interest in that other key regional nation which has been the source of so much consternation to its neighbors and world powers in recent months and which has emerged as a key source of crude oil exports to Beijing: Iran.

It did so today when China’s state-owned energy giant, CNPC - the world's third largest oil and gas company by revenue behind Saudi Aramco and the National Iranian Oil Company - finally took over the share in Iran’s multi-billion dollar South Pars gas project held by France’s Total, Iran's official news agency Shana reported on Saturday....

China is making a move.

The global plot is thickening. Fireworks sure to follow.

Zero Hedge
Iran Sanctions Fallout: China Takes Over French Share In Giant Iran Gas Project

Tyler Durden