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Essar scraps Iran plans
- Iran: Saturday, November 03 - 2007 at 10:00
The Governor of the US state of Minnesota Tim Pawlenty has said India's Essar Group has backed out of its proposed $10bn refinery deal in Iran, which was revealed late last month, reported Reuters. Essar is keen not to violate US sanctions on Iran imposed due to its controversial nuclear policy. Essar has just bought a steel firm in Minnesota and does not want to risk compromising its US interests.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, November 03 - 2007 at 10:00 UAE local time (GMT+4)
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