Inpex Corp, Japan's top oil explorer, has pulled out from Iran's Azadegan oil field project as expected, after US sanctions against Iran over its nuclear programme posed a potential threat to the company's business.
European oil majors resisted pressure from the US to stop doing business with Iran, in spite of Washington's drive to isolate Tehran over a nuclear programme the West suspects is aimed at making bombs.
Total said it was still buying Irania
Inpex Corp, Japan's top oil explorer, is likely to withdraw from Iran's Azadegan oil field project, acceding to a request from the US due to Washington's sanctions on Tehran over its nuclear programme, Japanese media said.
Inpex and the Ja
Japan's top oil refiner Nippon Oil and two oil and gas developers Inpex Holdings (Inpex) and Japan Petroleum Exploration Co Ltd (Japex) denied a report that they were in talks to build an oil refinery in Libya.
The Nikkei busines