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abomvubuso.livejournal.com"Iran is a wonderful country with a fantastic resource base", the Shell CEO Ben van Beurden said last month at the Vienna negotiations. "As soon as there is legitimate opportunity, we will be looking at Iran". Another oil CEO, Patrick Pouyanne of Total was even shorter: "We love Iran".
And how wouldn't they? Iran's oil reserves are estimated at 158 bn barrels of crude, or 1/10 of the world's total reserves. The normalisation that Van Beurden speaks of is an agreement between Iran and the six global powers about Tehran's nuclear program. It's bound to act like a turn-on not just to the top oil management but also to businessfolk from all around the world. Because it'll lead to the gradual lifting of a full array of sanctions that the US, EU and UN imposed 30 years ago. This would open the road to one of the last remaining inaccessible markets that's consistently been ranked in the top 20 in the world, and which many are describing in terms of a 1001 Nights tale: frightening and enticing at the same time.
( Read more... )
And how wouldn't they? Iran's oil reserves are estimated at 158 bn barrels of crude, or 1/10 of the world's total reserves. The normalisation that Van Beurden speaks of is an agreement between Iran and the six global powers about Tehran's nuclear program. It's bound to act like a turn-on not just to the top oil management but also to businessfolk from all around the world. Because it'll lead to the gradual lifting of a full array of sanctions that the US, EU and UN imposed 30 years ago. This would open the road to one of the last remaining inaccessible markets that's consistently been ranked in the top 20 in the world, and which many are describing in terms of a 1001 Nights tale: frightening and enticing at the same time.
( Read more... )
