Sanctions Force Kenya to Scrap Iran Oil Deal

A deal to import four million tons of crude oil per year from Iran has been terminated. The government cited international sanctions on Iranian crude as its reason for cancelling the memorandum of understanding signed last month.

  • Kenya:  Kenya Cancels Iran Oil Deal

    Capital FM, 4 July 2012

    Kenya has now cancelled a Memorandum of Understanding it signed with Iran last month for the importation of four million tonnes of Iranian crude per year. read more »

Video

Oil rig: The cancellation was revealed barely hours after the United States warned the Kenyan government of possible sanctions following the decision to buy oil from Iran.

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