|
Trending Topics
|
Source: http://www.reuters.com/article/2011/09/02/us-china-iran-usa-idUSTRE78112K20110902
China Scales Back Investment in Iran's Energy Sector
(Reuters) Chen Aizhu and Chris Buckley - China has put the brakes on oil and gas investments in Iran. Four energy executives in Beijing described retreats and slowdowns of Chinese ventures in Iran in recent months, even as China has bought more crude from Iran. The slowing of China's energy investments in Iran was prompted, at least partly, by Beijing's efforts since late 2010 to ease tension with the Obama administration and cut the risk of Chinese oil firms being hit by U.S. sanctions that Congress has vigorously backed, said officials.