However, the US believes that oil deals go against its plans to force Iran to abandon its suspected nuclear weapons program via economic sanctions and has asked Sinopec Group to withdraw from the bid.
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The Iranian Threat
Sinopec-China continues Iranian investment plans despite protests from the U.S.
China Petrochemical Corp (Sinopec Group) will continue its bid for oil field exploration contracts in Iran despite US pressure.
Sinopec Group, which already won an exploration project at the Zavareh-Kashan block in Iran, is among the oil companies bidding to explore 16 new Iranian oil fields.
However, the US believes that oil deals go against its plans to force Iran to abandon its suspected nuclear weapons program via economic sanctions and has asked Sinopec Group to withdraw from the bid.
Both Sinopec Group and the US embassy in Beijing declined to comment when contacted.
However, the US believes that oil deals go against its plans to force Iran to abandon its suspected nuclear weapons program via economic sanctions and has asked Sinopec Group to withdraw from the bid.
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