After US decision to withdraw from JCPOA and to reintroduce sanctions, Iran’s oil sector feels more pressure and uncertainty
Almost four years ago, after years of difficult negotiations, the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), was signed. Many viewed it as a diplomatic triumph, which ...
... willingness to keep the JCPOA. According to Bloomberg, French companies have recently been the biggest European buyers of Iranian oil. France is also
eager to
get into upstream and
midstream
projects in Iran. The January
visit
of a big French delegation to Teheran led by Foreign Minister J-M. Ayrault looked almost like a reaction to the rigid stance towards the Islamic Republic adopted by the USA.
However, as the Carnegie expert K. Adebar has aptly
pointed out
, whether we like it or not, the survival of the JCPOA depends on the benevolence of only two parties – the administration of the USA and that of the Republic of Iran. The problem ...