New York, NY -
United Against Nuclear Iran (UANI)
applauds the Japanese oil company
Inpex for ending its business in Iran.
Inpex, today, announced that it was
withdrawing from Iran's Azadegan oil field project in response to U.S. sanctions.
Responding to the decision, UANI President, Ambassador
Mark D. Wallace, said:
We applaud the decision by Inpex
to halt its oil development projects in Iran. By
ending business with Iran, Inpex is refusing to do business with a sanctioned pariah state and is helping remove the last economic crutch for the faltering Iranian regime.
UANI has been at the
forefront of the campaign to pressure companies to end their business in
Iran. UANI maintains on its website the
Iran Business Registry (IBR), a list of companies
that have been reported to do business in Iran. On January 12, 2010, UANI
launched the "
Iran Disclosure Project," an
initiative to identify publicly-traded companies that have business dealings in
Iran and ensure that such companies adequately inform investors of the legal
and financial peril associated with such dealings. Through the Iran
Disclosure Project, UANI has targeted such companies as Royal Dutch
Shell, Caterpillar, Ingersoll Rand, KPMG, Nokia and Honeywell to disclose the full
extent of their business in Iran.
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