U.S. welcomes Japanese oil company's withdrawal from Iran

10:23, October 16, 2010      

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The U.S. State Department on Friday welcomed decision by Impex, a Japanese oil company, to withdraw from its investment in Iran, which appeared to be an effort to avoid sanctions by the United States.

Department spokesman Philip Crowley said Impex's actions sent " a powerful" signal to Iran that "it should meet its international obligations and begin to engage seriously on its nuclear program."

Crowley said the United States remains committed to a diplomatic solution to the Iranian nuclear standoff and will continue to work with its partners to pursue a dual-track approach, namely engagement and pressure.

On Sept. 30, U.S. Deputy Secretary of State James Steinberg announced that four European companies -- ENI, Statoil, Shell and Total -- have withdrawn from Iran.

The United States, accusing Iran of developing nuclear weapons under civilian disguise, has said it will imposed sanctions on firms doing business with Iran. Iran has always denied such charges, saying its nuclear program is solely for peaceful purpose.

Source: Xinhua


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