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(Yomiuri Shimbun-Japan) Japan's top oil developer Inpex Corp. has decided to withdraw from development projects in Iran's Azadegan oil field to avoid being listed as a company subject to U.S. sanctions over Iran's nuclear program. Inclusion in the list of firms subject to U.S. sanctions would prevent Inpex from doing business with U.S. financial agencies, meaning joint developments with U.S. firms would have to be called off. The sanctions would also negatively impact Inpex's development projects elsewhere in the world. 2010-10-01 09:25:09Full Article
Japanese Firm to Withdraw from Iran Oil Field Project
(Yomiuri Shimbun-Japan) Japan's top oil developer Inpex Corp. has decided to withdraw from development projects in Iran's Azadegan oil field to avoid being listed as a company subject to U.S. sanctions over Iran's nuclear program. Inclusion in the list of firms subject to U.S. sanctions would prevent Inpex from doing business with U.S. financial agencies, meaning joint developments with U.S. firms would have to be called off. The sanctions would also negatively impact Inpex's development projects elsewhere in the world. 2010-10-01 09:25:09Full Article
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