June 26, 2015

IT'S A TRADE DEAL:

Big Oil getting cozy with Iran as talks near end (Alanna Petroff, 6/25/15, CNN Money)

Big Western oil companies are beginning to forge business relationships with Iran during the final days of international talks that could lift sanctions against the oil-rich nation. [...]

Iran is considered to be full of economic potential. It has the second largest population in the Middle East with 80 million people, 9% of proven global oil reserves, 18% of proven gas reserves and an abundance of strategic minerals.

"If you put together the consumer potential of Turkey, the oil reserves of Saudi Arabia, the natural gas reserves of Russia, and the mineral reserves of Australia you have it all in one country," said Ramin Rabii, CEO of Iranian investment firm Turquoise Partners, on a recent visit to the United Arab Emirates.

Posted by at June 26, 2015 9:25 PM
  

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