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    Sonangol Withdraws From Iran Gas Project

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Summary

Angola’s Sonangol decided Friday to from a natural gas project in Iran because of international sanctions over Iran nuclear program.

by: Shardul

Posted in:

Asia/Oceania

Sonangol Withdraws From Iran Gas Project

Angola’s Sonangol said Friday its is withdrawing from a natural gas project in Iran because of international sanctions over Iran nuclear program.

Sonangol has a 20 percent stake in a project in Iran’s South Pars natural gas field.

United States, United Nations and the European Union have imposed various sanctions over its refusal to halt uranium enrichment activities.