Reuters: India’s Essar Group has backed away from development of a new oil refinery in Iran that would violate U.S. sanctions on Tehran, Minnesota Governor Tim Pawlenty said on Wednesday.
NEW YORK, Oct 31 (Reuters) – India’s Essar Group has backed away from development of a new oil refinery in Iran that would violate U.S. sanctions on Tehran, Minnesota Governor Tim Pawlenty said on Wednesday.
In a letter to Pawlenty, Essar Group Americas President Madhu Vuppuluri said that although Essar had considered working with Iran to build the refinery and bidding on exploration blocks, the company would not violate U.S. or international laws limiting investment there. (Reporting by Matt Daily)
