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GE Pulls Back From Work in Iran

May 31, 2018 5:33 PM
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Foreign subsidiaries were preparing up to $150 million in bids for pipelines, compressors and subsea equipment before U.S. withdrawal from nuclear agreement

General Electric Co. is planning to end sales of oil and gas equipment later this year in Iran, people familiar with the matter said, illustrating how U.S. withdrawal from the nuclear deal is shutting a narrow window of opportunity for some American businesses there.

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