Workers lay pipelines for China National Petroleum Corp (CNPC)'s Shaanxi-Beijing natural gas pipeline network, ahead of Beijing's winter heating season, in Xianghe, Hebei province, China November 11, 2018. Su Dan/CNS via REUTERS
SINGAPORE (Reuters) - China National Petroleum Corp (CNPC) has suspended investment in Iran's South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Washington, three Chinese state oil executives said.
South Pars is the world's largest gas field and CNPC's investment freeze is a blow to Tehran's efforts to maintain financing for energy projects amid the re-imposition U.S. sanctions on its energy sector earlier this year.
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