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Revival of Sanctions Delay China, Russia Oil-Field Deals in Iran

China, Russia and India contend they will continue to buy petroleum from Iran, notwithstanding U.S. sanctions that would demarcate those sales, nonetheless banking problems are hampering their ability to deposit in a Islamic Republic’s oil fields.

Asian oil investors in Iranian projects in new months detected that they couldn’t rest on their common banking partners in a United Arab Emirates to send supports for projects in Iran. That has behind several deals value billions, according to unfamiliar growth officials and people…

Article source: https://www.wsj.com/articles/revival-of-sanctions-delay-china-russia-oil-field-deals-in-iran-1533726001

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