Japan Loses Stake In Iran's Azadegan Field

Japanese oil company Inpex is to lose almost all its stake in a project to develop the largest onshore field in Iran, according to Iranian Oil Minister Kazem Vaziri-Hameneh. This development, at a time when Iran is facing continuing pressure from the US over its nuclear programme, may be a sign of things to come. It is likely that international oil companies (IOCs) from countries closely allied to the US will reduce their involvement in Iran, which will leave room for Russia and China, who have more freedom to act against what the US says, to exploit opportunities in the

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