UK lifts sanctions on 2 Iranian oil companies
Baku, Azerbaijan, July 30
By Dalga Khatinoglu - Trend:
The United Kingdom eliminated sanctions on Iranian Petropars Aria Kish Operation and Management Co. and Petropars Resources Engineering Kish Co.
According to a statement, released by UK HM Treasury, on June 22, 2015 a judgment of the General Court of the European Union of May 5, 2015 in regard to Petropars ... was published in the Official Journal of the EU.
"As a consequence of the judgment, Petropars Aria Kish Operation and Management Co. and Petropars Resources Engineering Kish Co. are no longer subject to the asset freeze imposed by Council Regulation," UK said on July 29.
Iran and P5+1 reached a comprehensive nuclear deal on July 14, but the implementation of this deal depends on Iran-IAEA (International Atomic Energy Agency) cooperation around some suspected activities. Iran says the sanctions would be removed in four to six months.
Petropars has been developing phases 12 and 19 of South Pars gas field.
Edited by CN