Oil Cos. Should Steer Clear Of Iran, Despite Nuke Pact

Law360, New York (December 6, 2013, 6:03 PM EST) -- With an interim nuclear accord and the possibility of relaxed sanctions, Iranian officials are publicly courting the world's largest energy companies to help tap the country's vast oil and gas reserves, but experts say companies should keep their distance as long as core U.S. sanctions remain in place.

Iran's oil minister said earlier this week that he hoped energy giants like ExxonMobil Corp., Royal Dutch Shell PLC and BP PLC would invest in the country's oil industry. And with the world's fourth-largest proven oil reserves and second-largest...
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