Thursday, September 30, 2010

Big Oil Pulling Out Of Iran

European Oil Companies Pledge to End Oil Investment
The United States announced Thursday that four of Europe's five biggest oil companies would end their energy investments in Iran, a significant advance in the Obama administration's efforts to pressure the Iranian government to enter negotiations over its alleged nuclear weapons program.

Japanese Energy Group To Quit Iran Oilfield
Inpex, the Japanese state-backed energy group, is poised to relinquish its remaining share of Iran’s Azadegan oilfield as tightening sanctions threaten companies that do business with Tehran.

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