Iran General NewsU.S. welcomes move by Italy's Edison to quit Iran...

U.S. welcomes move by Italy’s Edison to quit Iran energy sector

-

Reuters: The United States on Friday welcomed what it said was a decision by Italy’s Edison International to withdraw from Iran’s energy sector and scrap a multi-million dollar contract to explore Iran’s Dayyer natural gas field. WASHINGTON (Reuters) – The United States on Friday welcomed what it said was a decision by Italy’s Edison International to withdraw from Iran’s energy sector and scrap a multi-million dollar contract to explore Iran’s Dayyer natural gas field.

“We commend the commitments made by Edison International, and we hope that other firms will follow its lead,” the State Department said in a statement, adding that Edison had pledged not to engage in future business with Iran which might be subject to U.S. sanctions.

“As long as the company continues to act in accordance with its assurances, under the law it will not be subject to an investigation into past Iran-based activities,” the statement said.

Edison joins a number of large energy firms, including Total and Royal Dutch Shell, that have pledged to stop doing business with Iran in order to escape potential U.S. sanctions designed to put pressure on Iran over its nuclear program.

Others which have taken similar moves are Norway’s Statoil, Italy’s ENI and Inpex Corp of Japan, the State Department said.

“These companies have recognized the risks of doing business in Iran’s energy sector given Iran’s proliferation activities, support for terror networks around the world, and other destabilizing actions,” the State Department said.

Edison signed a $107 million contract with Iran’s national oil company NIOC in 2008 to help develop the 3,281 square-mile (8,500 square-km) Dayyer offshore block, and was one of 16 non-U.S. companies listed in a U.S. government report in 2011 as having commercial interests in Iran’s oil, gas and petrochemical sectors.

The United States and the European Union have tightened sanctions on Tehran over its nuclear program, which they fear is aimed at producing an atomic weapon. Iran denies the charge, saying its program is purely for peaceful purposes.

(Reporting By Andrew Quinn; Editing by Bill Trott and Vicki Allen)

Latest news

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Iran’s Regime Is Unable To Eradicate Protests

Totalitarian governments, whether be it a monarchy or a clerical regime, and their international supporters are pursuing the same...

Ten Percent of Iran’s Nation Is Ready To Sacrifice Itself for Freedom

According to estimates by the Iranian regime’s main opposition group, the People’s Mojahedin Organization of Iran (PMOI/MEK), more than...

Must read

INTELLIGENCE: Estimates to undergo more scrutiny

Washington Post: After attracting repeated controversy, a premier product...

Iran’s deficit up by 70 percent in one year

Iran Focus: Tehran, Iran, Oct. 29 – There has...

You might also likeRELATED
Recommended to you