January 23, 2012

BP and EU lobbied U.S. on Iran sanctions: sources

(Reuters) - BP Plc, the British government and the European Union lobbied U.S. lawmakers to have a BP-led project exempted from proposed new U.S. sanctions which seek to stop Western companies doing business with Iran, sources close to the matter said.

U.S. lawmakers are mulling new sanctions to constrict the funding that Western nations suspect Iran is using to develop nuclear weapons. Read more.

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