US sanctions on Iran: Companies begin moving out of Iranian E&P projects
May 17:
US sanctions are forcing oil multinationals to move out of E&P projects in Iran 8No one wants to fall foul of the US banking system when sanctions start to bite 8Where will India stand if it were to be awarded the Farzad B block today? 8When sanctions begin to hit again, if India continues to import Iranian crude, it will have to fall back to a barter system, perhaps 8And while the barter system of trade has its disadvantages, it can boost Indian exports of medicine, steel and other essential items Click on Reports for more