FOR IMMEDIATE RELEASE
August 19, 2013
Contact: Nathan Carleton, [email protected]
Phone: (212) 554-3296
UANI Applauds South Africa's Sasol for Exiting Iran
Energy Giant Leaves Country Following UANI Campaign, Op-Ed, Billboard
New York, NY - On Monday, United Against Nuclear Iran (UANI) applauded South Africa's Sasol for ending its business in Iran.
Sasol announced today that it has sold its stake in the Arya Sasol Polymer Co., an Iranian entity it partnered with to operate polyethylene plants in the country. Sasol stated that it as of today "has no on-going investment in Iran."
Sasol first announced its plans to leave Iran in November 2011. After that exit failed to happen for more than a year, UANI launched a Sasol campaign, highlighting with an Op-Ed and billboardSasol's decision to remain in Iran while also pursuing a multi-billion dollar gas-to-liquids project in Louisiana.
UANI most recently contacted Sasol last month regarding its business in Iran.
Said UANI CEO, Ambassador Mark D. Wallace, today:
We applaud Sasol for exiting Iran. This sale satisfies our concerns with Sasol, and thankfully brings this matter to an end. No responsible company should be doing business in Iran today, particularly if it also wishes to do business in the U.S.
Companies that remain in Iran are risking serious financial and reputational harm, and should not expect to be green-lighted for work in the U.S. When businesses are forced to choose between the U.S. market and the Iranian market, they will invariably exit Iran.
On February 2, 2013, the Shreveport Times published an Op-Ed by Ambassador Wallace highlighting Sasol's business with the Iranian regime. "Sasol and other companies must be forced to make a choice," wrote Ambassador Wallace. "Get out of Iran or get out of Louisiana."
In April, UANI put up a billboard near Sasol's Louisiana offices, reading "BEFORE YOU BUILD HERE, STOP BUILDING IN IRAN. SASOL MUST CHOOSE: LOUISIANA OR IRAN'S TERRORIST REGIME."
UANI's billboard was reported as the lead story on the local KPLC-NBC "7News at Six" in Lake Charles.
Click here to read UANI's July 9, 2013 letter to Sasol.
Click here to read UANI's December 19, 2012 letter to Sasol.
Click here to see KPLC-NBC's report about UANI's Sasol billboard.
Click here to read Ambassador Wallace's Shreveport Times Op-Ed, "Make La. Iran-free energy zone."