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The German Company Wintershall Has Suspended its Activity in Iran

Tuesday 13 November 2018

TEHRAN (TASS) — The German oil and gas company Wintershall, a subsidiary of BASF,{{}} has suspended its work on Iranian projects due to US sanctions, said Martin Bachmann, a member of the company’s board of directors.

Martin Bachmann said:

Under the current conditions, when US sanctions act against Iran, it is impossible to continue working for us as a European company. We must maintain access to the financial market. Therefore, we must stop our activity in Iran, unfortunately.

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