NCRI – The Norwegian energy company, StatoilHydro, said it has no plans to make any fresh investment in Iran, Dow Jones reported on Friday. Company spokeswoman Maria Dotterud said: "We will not in the current situation make any further investment in Iran."
"We have reduced our activities in Iran over the last year," Dotterud said. She said the company's obligations relating to seismic activities at the Khorramabad block in Iran were concluded before 2009, and there are no firm plans to drill the first exploration well there.
Some lawmakers have questioned the extent of StatoilHydro's participation in the Iranian energy sector.
Under the U.S. Iran Sanctions Act companies are prohibited from investing more than $20 million in the country. Earlier this month U.S. Congress raised the issue again, urging the Obama's administration to enforce the act and asking whether the State Department has determined how much and which companies may have violated it.
Other companies, including Royal Dutch Shell, Eni and Petroleo Brasileiro are also being scrutinized for their investments.