US threats cast shadow on Iran’s co-op with oil giants (Exclusive)

Tehran, Iran, March. 3

By Kamyar Eghbalnejad – Trend:

Concerns over the fate of the nuclear deal have cast shadow on efforts to bolster cooperation with leading international companies to develop Iran’s aged oil industry.

“It appears that the international community including the US has realized that the nuclear deal must remain intact. Therefore, it appears that Iran would enjoy a proper situation regarding the nuclear deal. However, the leading international companies may remain reluctant to cooperate with Iran, if the other threats that the US is speaking about become true and deprive Iran of benefiting from the nuclear deal,” Mehdi Mirmoezi, CEO of Pasargad Energy Development Company (PEDC), told Trend.

Ahead of French Foreign Minister Jean-Yves Le Drian’s controversial visit to Iran, Paris has said that the Islamic Republic's ballistic missile program was a major concern. The ministry added that it wanted Iran to contribute in a “positive” manner to solve crises in the Middle-East.

“In this regard, the crisis in Syria and the humanitarian situation there will particularly be discussed along with other regional issues where Iran is involved (Yemen, Libya, Iraq)”, the ministry added.

In an early March report, Reuters reported that European powers and Iran have started talks over Tehran’s role in the Middle East and will meet again this month in Italy as part of efforts to prove to US President Donald Trump that they are meeting his concerns over the 2015 nuclear deal.

However, Tehran denies conducting any negotiation on the country’s influence in the region with the Europeans.

With Trump warning of a last chance for “the worst deal ever negotiated”, UK, France, and Germany have been working with US officials to draw up a strategy to improve the Iran nuclear deal in return for Trump keeping the pact alive by renewing US sanctions relief on May 12.

Under the nuclear deal, Tehran agreed to restrict its nuclear program in return for the removal of sanctions that have crippled its economy.

However, Tehran says the nuclear deal hasn't fully benefited Iran due to the US approach to the nuclear pact. The leading European banks and companies appear reluctant to do business with Tehran due to concerns over running afoul of the US regulations.

US President Donald Trump has told the Europeans that they must agree to “fix the terrible flaws of the Iran nuclear deal” or he would re-impose the sanctions that Washington lifted as part of the pact.

Earlier in February, Total’s CEO Patrick Pouyanne urged Donald Trump to stick with the nuclear deal with Iran, where it has investments.

Following the removal of international sanctions, Total became the first major western company to ink an energy deal with Tehran to develop phase 11 of Iran’s South Pars field with an initial investment of $1 billion.

Bahar Azadi gold coin price continues to fall in Iran
Bahar Azadi gold coin price continues to fall in Iran
Azerbaijani oil prices up
Azerbaijani oil prices up
Turkmenistan's state budget revenues surpass initial forecast
Turkmenistan's state budget revenues surpass initial forecast
Loading Bars
Latest
China-Brunei trade grows by over 70 pct in 2020
Argentina's economy minister heads to Europe to woo finance officials over debts
US boosts imports of Turkish-made clothes
Turkey sends off 2nd boron export train to China
First kidney transplant performed in Turkmenistan
Bahar Azadi gold coin price continues to fall in Iran
Iran unveils data of gasoline and petrochemicals exports
New transmission line to provide opportunities for both Georgia’s and EU energy network - expert
Weekly review of key events in Azerbaijan's transport sector
China fines Alibaba record $2.75 billion for anti-monopoly violations
Italy reports 344 coronavirus deaths on Saturday, 17,567 new cases
Azercell’s “Kabinetim” mobile app exceeded 1 million downloads
Pakistani FM to visit Tehran
Funeral for UK's Prince Philip to be held on April 17
Pinterest becomes latest platform to appoint Turkey representative
Italy's economy seen growing 4.1% this year
Volume of cargo loaded, unloaded in Iran’s Bandar Lengeh port announced
Turkmenistan’s growth of trade turnover in 1Q2021 announced
Turkish electrical goods' 1Q2021 export to Uzbekistan spikes
Azerbaijani president's assistant talks Turkic Council media co-op's systematization
Hungary considers Turkic Council member states important partners
Iran's Energy Exchange announces products to be on sale on April 11
Uzbekistan ready to actively partake in restoring Azerbaijan's liberated territories
Azerbaijan confirms 2,192 more COVID-19 cases, 1,554 recoveries
Turkey did its best in media coverage of Azerbaijan's Patriotic war - presidential administration
Azerbaijani president's assistant meets with Turkic Council's secretary-general
Briefing of Turkic Council's high-ranking media officials held in Baku (VIDEO)
Anti-Turkic campaigns periodically carried out - Azerbaijani president's assistant
Azerbaijan's victory in Second Karabakh War is victory for entire Turkic world - top official
Azerbaijan working to develop ties between Turkic states - president's assistant
Turkic Council developing roadmap for better co-op with Turkic-speaking countries
Turkic-speaking countries to continue to support Azerbaijan - Turkic Council
Armenia's refusal to provide maps of mines on Azerbaijan's lands is concerning - ambassador
Turkic Council's meeting held in Baku (PHOTO)
Iran reveals COVID-19 data for April 10
Kazakh, Uzbek PMs launch construction of new 'Central Asia' int'l co-op center
Turkish Ambassador: I've never separated Azerbaijan and Turkey, both are homeland to me
Buta Airways to Start Operating Flights to Zhukovsky Airport
Turkey's support for Azerbaijan in Karabakh war will always be in our memory - President Aliyev
Azerbaijan's MoD organizes visit for foreign military attaches to Air Force military unit
Turkish-Azerbaijani fraternal relations are at highest level today - President Aliyev
Iran's exports via Jolfa border checkpoint increase
Georgia reports 506 new coronavirus cases for April 10
SOCAR's capex to moderate due to SGC, STAR refinery’s commissioning
Certain licenses issued to setting up enterprises in Iran's Markazi Province
Turkey unveils 2M2021 data on freight, passenger traffic through Ankara Esenboga Airport
Azerbaijani oil prices up
Fitch Affirms SOCAR at 'BB+'
Turkmenistan's state budget revenues surpass initial forecast
Georgian TBC Leasing's secured debt rating equalizes with its Long-Term IDR
Azerbaijani president awards former Turkish ambassador with 'Dostlug' order
President Ilham Aliyev receives Turkish Ambassador to Azerbaijan Erkan Ozoral (PHOTO)
Turkmenistan's GDP grows in 1Q2021
Weekly review of Azerbaijani currency market
Iranian currency rates for April 10
Azerbaijan has favorable investment climate - Turkish MUSIAD
Azerbaijani Mine Action Agency continues to clear Gubadly, Zangilan, Jabrayil from mines
India reports a record 145,384 COVID-19 infections
Armenia set up booby traps on Azerbaijan's de-occupied lands - Mine Action Agency
Azerbaijan's rhythmic gymnasts 2-nd in online tournament organized by Finnish Gymnastics Federation
Azerbaijani gymnastics team captures silver in Egypt (PHOTO)
China's top market regulator imposes penalty on Alibaba Group over monopoly conduct
Iran's Isfahan producing 2,100 tons of medicinal herbs
Japanese entrepreneurs intend to increase imports of Kyrgyz honey
Austrian companies eye contribution to Georgian ports' expansion - ministry
Turkey reports 55,791 new COVID-19 cases
Germany to amend law for nationwide COVID-19 response
World Bank says Azerbaijan's consumer market to grow till 2023
Janssen's COVID-19 vaccine under EU review over blood clots
Number of COVID-2019 cases across globe up by over 718,000 in past day, says WHO
Poland's COVID-19 cases top 2.5 mln
Georgian-Lithuanian co-op facilitates freight transport between China, Europe - Ministry
US accelerator to provide Azerbaijani startup project with big investments
Eurowings to start flights from Dusseldorf to Georgia
NASA's Mars helicopter to attempt first flight
Health Minister hails vaccination in driving down COVID-19 severity in Turkey
Saudi-led coalition intercepts bomb-laden drone towards border city
Azerbaijani president expresses condolences to PM of UK
UN interested in intensifying ties with Azerbaijan - President of General Assembly
Azerbaijani FM, Sec-Gen of Turkic Council discuss issues of mutual interest (PHOTO)
"Georgia Capital" investment company to sell part of its business
Iran's only option on negotiation table - US lifting sanction - Iran’s ambassador to IAEA
Turkmen Helath Ministry opens tender for purchase of medical supplies
South Korean PM to visit Iran for Seoul-Tehran Cooperation
Speaker of Azerbaijani parliament meets with president of 75th session of UN General Assembly (PHOTO)
Azerbaijani president expresses condolences to Queen Elizabeth II
Azerbaijan clearing territory for new settlement of mines in Zangilan district
Azerbaijan aims developing use of wind energy
Russian, Turkish presidents call for restoration of transport infrastructure of South Caucasus
Azerbaijan actively participates in implementation of int’l projects within BTK and North-South corridors
State Oil Company of Azerbaijan digitizes information on oil and gas wells in corporate database
Azerbaijani, Turkish armies Joint Operational-Tactical Exercises end (PHOTO/VIDEO)
International Bank of Azerbaijan opens tender to buy network equipment
Russia always ready for settlement option supported by sides of Karabakh conflict - Foreign Ministry
State Oil Company of Azerbaijan hosts opening ceremony of Visualization Center (PHOTO)
Embassy of India organizes Interactive Webinar to promote Indian spices (PHOTO)
Bank Melli Iran’s branch in Azerbaijan completes Q1 2021 with profit
Uzbekistan receives status of GSP+ system's beneficiary
Turkmenistan's Turkmenhimiya SC opens tender for ammonium nitrate purchase
Turkish business’s interest in Azerbaijan’s Khachmaz district growing (PHOTO)
All news