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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 ...
... investors, but it also strengthens the positions of the Iranian conservatives right before the election. The previous time conservatives came to power – in 2005 – the oil and gas sector of Iran entered a new period of degradation caused by the imposed sanctions and an unprecedented increase in the administrative body of the ministry of oil, which incorporated literally thousands of the Iranian Revolutionary Guard members (close to the president M. Ahmadinejad). If the current reformist cabinet spearheaded by president Rouhani, foreign minister J. Zarif, and oil minister B.N. Zangeneh departs from power, the future of the oil and gas ...
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