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Written question asked by Lord Hague of Richmond (Conservative) on Tuesday, 9 October 2007, in the House of Commons. It was due for an answer on Thursday, 11 October 2007. It was answered by Lord Hutton of Furness (Labour) on Monday, 15 October 2007 on behalf of the Department for Business, Enterprise and Regulatory Reform.


Iran: Overseas Investment

Question
To ask the Secretary of State for Business, Enterprise and Regulatory Reform whether his Department is advising UK businesses not to invest in Iranian oil and gas-related projects; and if he will make a statement.
Answer

UK Trade and Investment advice makes clear to British companies the considerable commercial and political risks associated with investment in Iran, including the implications of existing and potential future sanctions. However, investment decisions within the current legal boundaries remain a commercial decision for individual companies.


Secondary information

Type
Written question
Reference
157389; 464 c806W
Session
2006-07
Subjects
Overseas investment Iran
Link
View this Written question on www.publications.parliament.uk