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(Reuters) The French oil group Total said it had suspended sales of refined products to Iran. Spain's largest oil company Repsol has pulled out of a contract it won with Royal Dutch Shell to develop part of the South Pars gas field in Iran, a spokesman said on Monday. Italy's oil and gas major ENI is handing the operation of the Darkhovin oilfield in Iran to local partners to avoid U.S. sanctions, ENI told U.S. authorities on April 29. Russian oil major LUKOIL will cease gasoline sales to Iran, industry sources said on April 7, following a similar decision by Royal Dutch Shell in March.2010-06-29 08:19:10Full Article
Foreign Companies Stepping Away from Iran
(Reuters) The French oil group Total said it had suspended sales of refined products to Iran. Spain's largest oil company Repsol has pulled out of a contract it won with Royal Dutch Shell to develop part of the South Pars gas field in Iran, a spokesman said on Monday. Italy's oil and gas major ENI is handing the operation of the Darkhovin oilfield in Iran to local partners to avoid U.S. sanctions, ENI told U.S. authorities on April 29. Russian oil major LUKOIL will cease gasoline sales to Iran, industry sources said on April 7, following a similar decision by Royal Dutch Shell in March.2010-06-29 08:19:10Full Article
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