EU set to target Iranian oil and gas investment - Reuters Africa

By
Viraj
on June 12, 2010 2:37 AM | | TrackBacks (0)
BRUSSELS, June 11 (Reuters) - Parts of Iran's oil and gas industry could be targeted by an extra layer of European Union sanctions, according to a document prepared for EU leaders.

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The measures would not restrict Iranian oil and gas exports or imports but would seek to shut off new investment in the industry, as well as the transfer of technology, equipment and services to a sector that is economically vital to Iran. Iran is the world's fifth largest crude oil exporter.

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