US sanctions against Iran to alarm Azerbaijan

15:57 29/01/2010 » Economy

US sanctions against Iran to alarm Azerbaijan

The US Senate has backed legislation allowing President Barack Obama to extend sanctions against Iran. The new sanctions would target those who export fuel to Iran. The Senate bill targets non-Iranian companies that export fuel to Iran or help expand Tehran's oil refining capacities by denying them US loans and other financial assistance. Azerbaijan’s state oil company (SOCAR) is deeply alarmed by the bill as Azerbaijan has provided gas to Iran in the previous year and the sides have agreements to cooperate in 2010 also.

Source: Panorama.am

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