As Oil Giants Gather in Tehran, UANI Warns About Revolutionary Guard's Grip on Industry

For Immediate Release  May 5, 2016 Contact: press@uani.com As Oil Giants Gather in Tehran, UANI Warns About Revolutionary Guard's Grip on Industry   Risks Abound as Ayatollah Courts International Companies This Week New York, NY - As oil giants gather this week in Tehran for the Iran Oil Show, United Against Nuclear Iran is warning global oil and gas companies that entering the Iranian market is risky business. UANI has launched an international campaign targeting hundreds of companies who are pursuing deals with Tehran, including 10 of the top oil and gas companies worldwide. "The lead organizer of the 2016 Iran Oil Show is the National Iranian Oil Company (NIOC), which the U.S. Treasury Department has determined to be an "agent or affiliate" of the Islamic Revolutionary Guard Corps (IRGC), a terrorist organization sanctioned by the United States and the international community," said UANI Chairman, Sen. Joseph I Lieberman and UANI CEO, Ambassador Mark D. Wallace.  "Any international company participating in this forum could find themselves entangled by the complex web of front companies run by the IRGC." Despite this troubling news, some companies are signaling ambitious new plans to expand their footprint in Iran's oil and gas sector. The head of the NIOC said he met this week with representatives from two other companies included in UANI's campaign: BP and Royal Dutch Shell, according to news reports. "With vast swathes of Iran's oil and gas sector dominated by the IRGC, these corporations are subject to a complex patchwork of sanctions and regulations," the UANI leaders said. "The world's companies still face profound reputational and financial risks associated with doing business with Iran." UANI is an independent, not-for-profit, non-partisan, advocacy group founded in 2008 by Ambassador Mark D. Wallace, Ambassador Richard Holbrooke, former CIA Director Jim Woolsey and Middle East Expert Dennis Ross, that seeks to heighten awareness of the danger the Iranian regime poses to the world.  Media interested in speaking with Ambassador Wallace or Senator Lieberman, please contact: press@uani.com  United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code.

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