U.S. Government Seeks to Dissuade Austrian Firm from Investing in Iran

According to an AFP report cited in Platts LNG Daily, the U.S. State Department will attempt to dissuade Austria’s largest oil and gas firm, OMV, from finalizing a $30 billion LNG export deal with Iran. If OMV completes the deal, it could trigger sanctions under the Iran Sanctions Act (2006), which imposes economic sanctions on corporations that make significant investments in Iran. [Subscription required]

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