Despite tough Mullah-talk, Oil Giants Are Fleeing Iran On Sanction Fears, even the Russians!

The threat of U.S. sanctions has prompted Russian oil giant Lukoil to put its plans to develop projects in Iran on hold while the Indian company that owns the world’s largest oil refining complex plans to stop buying oil from Iran, Reuters reported on May 30.

Both developments showed the difficulty faced by governments like Russia, France, and India which have vowed that they will maintain their business ties with Tehran despite a U.S. decision to withdraw from Iran’s nuclear deal with world powers and reimpose sanctions.
— Read on oilprice.com/Geopolitics/International/Oil-Giants-Are-Fleeing-Iran-On-Sanction-Fears.html

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