UANI Applauds Inpex for Ending its Business in Iran

FOR IMMEDIATE RELEASE
October 15, 2010
Contact: Kimmie Lipscomb, [email protected]
Phone: (212) 554-3296

UANI Applauds Inpex for Ending its Business in Iran  

New York, NY -  United Against Nuclear Iran (UANI) applauds the Japanese oil company Inpex for ending its business in Iran.  

Inpex, today, announced that it was withdrawing from Iran's Azadegan oil field project in response to U.S. sanctions.

Responding to the decision, UANI President, Ambassador Mark D. Wallace, said:  

We applaud the decision by Inpex to halt its oil development projects in Iran.  By ending business with Iran, Inpex is refusing to do business with a sanctioned pariah state and is helping remove the last economic crutch for the faltering Iranian regime.


UANI has been at the forefront of the campaign to pressure companies to end their business in Iran.  UANI maintains on its website the Iran Business Registry (IBR), a list of companies that have been reported to do business in Iran.  On January 12, 2010, UANI launched the "Iran Disclosure Project," an initiative to identify publicly-traded companies that have business dealings in Iran and ensure that such companies adequately inform investors of the legal and financial peril associated with such dealings.  Through the Iran Disclosure Project, UANI has targeted such companies as Royal Dutch Shell, Caterpillar, Ingersoll Rand, KPMG, Nokia and Honeywell to disclose the full extent of their business in Iran.

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