The US sanctioned three foreign companies doing business with Iran’s energy sector on Thursday.
The firms, Zhenrong Company from China, Kuo Oil from Singapore and FAL Oil Company Limited from the United Arab Emirates, will no longer be able to receive US export licenses, US Export Import Bank financing or loans over $10 million from US financial institutions. Full story
Related:
US sanctions energy companies in China, UAE, Singapore over Iran oil deals - Platts
US hits Chinese, other firms over Iran business - AFP
Obama administration sanctions foreign firms over Iran deals - USA Today
US slaps sanctions on China state energy trader over Iran - The Malaysian Insider
Iran embargo gathers support in Asia, Europe - The Malaysian Insider
MFA Press Statement: US Sanctions on Kuo Oil, 13 january 2012 - ISRIA
