Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Petronas - Business Halt
description
On April 15, Reuters reported that Petronas, Malaysia’s national petroleum company would halt fuel sales to Iran due to impending sanctions. Though the PM of Malaysia denied these reports, they continue to circulate, and, as recently as May 4, Reuters reported that Petronas had withdrawn from Iran and ceased fuel sales to the Persian theocracy.
Status
- Current Status:
- Discussion Date:
- Contract Date: Thu, 2010-04-15
- Completion Date:
Citation
1. "Petronas halts fuel sales to Iran as sanctions loom", Reuters, April 15, 2010, available at http://www.reuters.com/article/idUSTRE63E18120100415
2. "Petronas not cutting Iran gasoline sales", Pipeline Magazine, April 18, 2010, available at http://www.pipelinedubai.com/?p=1185
3. "Factbox-Foreign Firms Stepping Away from Iran", Reuters, May 4, 2010, available at http://www.reuters.com/article/idUSLDE64318S20100504?type=marketsNews
All projects by Petronas
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| Petronas | Petronas - Business Halt | ---- |
04/15/10 |
---- | |||
| Petronas | Petronas 10 Percent Stake in South Pars Phase 11 | $2 billion |
08/01/09 |
---- | |||
| Petronas | Petronas, Fuel Shipment to Iran | ---- |
02/11/10 |
---- |