VOL. XLIV
No. 05
29-January-2001
US
US State Department Reviews Chinas Iranian Refinery And Exploration Projects
The US State Department is checking whether refinery upgrade and exploration contracts awarded by the National Iranian Oil Company (NIOC) to Chinese state firm Sinopec contravene the Iran-Libya Sanctions Act (ILSA), under which the US threatens reprisals against non-US firms investing more than $20mn/year in Iranian projects. The announcement follows Sinopecs winning of a $150mn...
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