Miami Herald: Pakistan search for energy could run afoul of U.S. Iran sanctions

The Miami Herald reports today that "Pakistan's power supply network is in deep crisis, pounding the economy and making life miserable for average Pakistanis. But one of the solutions that Pakistan has proposed to fix the problem, a natural gas pipeline from Iran, faces objections from the United States. This week U.S. officials warned Pakistan not to depend on Iran."

Based on Poblete Tamargo's research and background discussions with contacts in the U.S. Government, we expect an increase in these type of events. The U.S. Government continues to press U.S. and foreign companies, as well as their subsidiaries, on making choices that boil down to choosing between doing business in the United States and having access to U.S. financial systems, or doing business in Iran.

Follow this link to read The Miami Herald article.