GE pulls back from work in Iran

Wall Street Journal – General Electric Co. is planning to end sales of oil and natural-gas equipment later this year in Iran, people familiar with the matter said, illustrating how U.S. withdrawal from the nuclear deal is shutting a narrow window of opportunity for some American businesses there.

GE had big ambitions in Iran after world powers, including the U.S., agreed to lift many sanctions on Tehran in 2016 in exchange for curbs on Iran’s nuclear program. GE’s foreign subsidiaries were preparing as much as $150 million in bids for pipelines,

 

Read More Here

1 comment

Get RSS Feed
  1. Taylor

    American Business in Iran has been under attack by the Jew gang that owns and operates the US government.

    Iran, be patient and build from within. Do not look for your enemies to help you.