US set to extend waivers on Iran oil sanctions

The Obama administration is set to extend waivers of U.S. sanctions it has granted to major Asian petroleum consumers, including China, India and South Korea, for reducing their imports of Iranian oil.

Two U.S. officials say an announcement of the six-month extensions is expected from the State Department on Friday.

Source: http://www.dailystar.com.lb/News/Middle-East/2012/Dec-06/197518-us-set-to-extend-waivers-on-iran-oil-sanctions.ashx

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