Petronas stays in Iran despite US threat


Dateline 2010-10-05:

Malaysia’s oil and gas company, Petronas, says it currently has no plans to leave Iran’s energy market despite the US threat of punishing any firm that continues trade with the country.

Datuk Shamsul Azhar Abbas CEO of Petroliam Nasional Bhd (Petronas) said on Tuesday that the company has no intention of leaving Iran’s market at the present time.

“At this point in time, there are a couple of opportunities to which I don’t think it is the right time for us to leave Iran,” Malaysian National News Agency BERNAMA quoted him as saying on Tuesday in response to a question whether Petronas would leave Iran to avoid US sanctions.

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This entry was posted on Saturday, October 16th, 2010 at 6:00 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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