Common Contracts
1 similar null contracts
EUS HOLDINGS LIMITED and IRAN OFOGH INDUSTRIAL DEVELOPMENT COMPANY Collaboration agreementNovember 20th, 2015
Iran has been the subject of UN, US, EU and EU member country sanctions since 1979 when the US applied sanctions in response to the Iranian Revolution and the exile of the Shah. These sanctions have impacted the ability of Iran’s oil and gas and other industrial sectors to do business with the rest of the world. On the 14th July 2015 the P5+1 (US, UK, France, China, Russian and Germany) agreed with Iran a programme of nuclear inspection by the IAEA which would, if Iran meet the inspection’s requirements, lead to a lifting of sanctions in the first quarter of 2016. The phased lifting of sanctions will allow for the opening of Iran’s oil and gas sector to International Oil Companies (IOCs) to invest in upstream, midstream and downstream projects under a new Petroleum Contract define which will be shown to the international oil and gas industry at a conference currently understood to be scheduled to be held in London on the 22nd to 24th February 2016.
