Oil groups shun Iran over fears of embargo
By Thomas Catan and Roula Khalaf in London
Published: March 17 2006 21:36 | Last updated: March 17 2006 21:36
Iran flagInternational oil companies are putting multibillion-dollar projects in Iran on hold, concerned about the diplomatic standoff over the country's nuclear programme.
Talks by several European companies on oil and gas projects have largely ground to a standstill amid fears that the nuclear dispute, now before the UN Security Council, could lead to fresh sanctions against Iran.
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