Und Tschüss!

The United States welcomes the decision made by the Italian energy company, Edison International S.p.A. (“Edison International”), to withdraw from Iran’s energy sector, specifically its contract to explore Iran’s Dayyer natural gas field. Edison International has also pledged not to engage in sanctionable activity with Iran in the future.

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Edison is the sixth company to withdraw from its investment in Iran under this provision in the ISA, joining companies Total (France), Royal Dutch Shell (UK/Netherlands), Statoil (Norway), ENI (Italy), INPEX (Japan), all of which continue to abide by their commitments to refrain from sanctionable activity that could benefit Iran. These companies have recognized the risks of doing business in Iran’s energy sector given Iran’s proliferation activities, support for terror networks around the world, and other destabilizing actions.

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