CNOOC, Iran, and the US

A blog entry posted on Forbes Magazine’s website discusses the arguably tricky position that the Chinese oil company CNOOC is in with respect to its ties to both the United States and Iran.  According to this entry, CNOOC is under scrutiny by certain state pension funds in the US due to its ties to Iran.

The US and other world sanctions continue to bear significant effect on Iran’s economy, including its oil and gas industry.  Japanese oil giant Inpex announced late last week that it is pulling out of Iran, following in the footsteps of certain major European entities.

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