Some foreign firms still active in Iran's energy sector: U.S. report

News Manager

Milforums News Bot
WASHINGTON (Reuters) - At least seven companies from China, India, South Korea and South Africa continued to have investments in Iran's oil and gas sectors in 2012 even as Tehran came under international scrutiny for its nuclear ambitions, a U.S. government watchdog said on Friday. A new U.S. law signed in August gave the Obama administration the authority to sanction firms that help Iran develop its energy resources, a key source of revenue for the country. For a report to Congress required under that August law, the U.S. ...