Four major European oil companies will abandon their Iranian  activities voluntarily to avoid American sanctions designed to pressure  Iran over its nuclear program, U.S. officials said on Thursday.                  The decision by France's Total, Norway's Statoil, Italy's  ENI and Royal Dutch Shell will help ratchet up pressure as Western  powers seek to bring Tehran into new talks on an atomic program they  fear is aimed at producing nuclear weapons.
"The international community should collectively abandon a  business-as-usual approach to Iran," Steinberg told reporters, saying  other major energy companies were under investigation and could face  consequences if they do not follow suit. Iran, which has resisted pressure to open wide-ranging talks over its  nuclear ambitions, says that its nuclear program is peaceful and that  while it is open to talks, it will never give up its right to peaceful  nuclear energy.
The deal with the four international oil majors to curtail Iran  activities set a precedent that other companies should follow, showing  that the threat of sanctions was leaving Tehran increasingly isolated,  Steinberg said
"People are increasingly reaching the conclusion that it's simply not worth it to engage in activities with Iran," he said. 
Some energy analysts have suggested that a pullback by Western firms  could present an opportunity for companies from Russia, China, or other  countries to step in despite the blanket U.N. sanctions.

No comments:
Post a Comment