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Royal Dutch Shell among host of international companies quit Iran oil field project to escape U.S. sanctions

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UK Daily Mail
Oct 1, 2010

Royal Dutch Shell and a host of other international oil companies have ended operations in Iran to avoid U.S. sanctions aimed at halting its nuclear enrichment programme.

France’s Total, Norway’s Statoil and Italy’s ENI have announced they will stop their activities to evade the penalties which target companies doing business with the Middle East country.

Japanese oil explorer Inpex Corp has also said it could pull out of an oil field project, despite not being named on a U.S. list targeted for the sanctions.

The U.S. has increasingly tightened sanctions against Iran over concerns about its nuclear programme and whether it is attempting to acquire nuclear weapons.

Tehran has repeatedly insisted the programme is purely for peaceful purposes.

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This article was posted: Friday, October 1, 2010 at 3:50 am

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