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Iran: Overseas Investment

Volume 464: debated on Monday 15 October 2007

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. (157389)

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.