Iran to blacklist foreign firms

Published July 18th, 2010 - 01:22 GMT

Iranian Oil Minister Masoud Mir-Kazemi on Sunday said that his country would respond to foreign companies that are retreating from signed contracts to adhere to the international sanctions imposed on Iran, by placing them on a "black list". The Iranian news agency Meher quoted Mir-Kazemi as saying, "if the foreign companies act against (the interests) of Iran, we will be obliged to take this reality into account, and place them within a black list." And he added: "They will not be able to work again in our country."

The minister gave the example of the Russian company LUKOIL, the second oil producer in Russia, which has abandoned its plan to develop Anaran field, discovered in western Iran in 2005. A number of big Russia companies have signed contracts with Iran, but most of these projects are on hold because of international sanctions imposed on Tehran in response to its continued uranium enrichment program. Mir-Kazemi said that LUKOIL had not fulfilled its obligations on Anaran. However, the minister also softened the tone of his remarks, by stressing that Iran could resume cooperation with the Russian firm after "re-evaluating the content of the contract."


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