08 December 2016
Oil giant Shell announced on Wednesday it is to sign an initial agreement to develop oil and gas fields in Iran, scoring the first European petroleum deal with the Tehran government, Reuters reported. Iran had previously been banned from making deals with international organisations and banks. Read more here.
The news comes exactly one month after the election of United States President Donald Trump, who had vowed during his presidential campaign to terminate last year’s deal that eased international sanctions on Iran.
Another oil giant Total SA is expected to sign a similar deal, according to a report by Trend News Agency of Azerbaijan, Caucasus and Central Asia quoting a Bloomberg report. Read more here.
A historic U.S.-led agreement between Iran and six major world powers was announced on July 14, 2015, under which international sanctions imposed by the U.S., European Union and United Nations will be lifted in exchange for Iran approving a long-term restriction on its nuclear program. The West suspects that Iran’s nuclear program is aimed at creating a nuclear bomb. Read more here.
The agreement upset Sunni-led Saudi Arabia, a major regional rival to Shi’ite-led Iran. The two have for decades been in conflict over sectarian wars in Syria, Lebanon, Iran and Yemen.
The United Arab Emirates last September fiercely attacked the Islamic Republic of Iran at the annual United Nations meeting of world leaders.
"Against all optimistic expectations, Iran wasted no time in continuing its efforts to undermine the security of the region, through aggressive rhetoric, blatant interference, producing and arming militias, developing its ballistic missile program, in addition to its alarming designation as a state sponsor of terrorism," UAE Foreign Minister Sheikh Abdullah bin Zayed said at the U.N. event. Read more here.
Follow our Zawya Iran Special Coverage here.
© Express 2016
Oil giant Shell announced on Wednesday it is to sign an initial agreement to develop oil and gas fields in Iran, scoring the first European petroleum deal with the Tehran government, Reuters reported. Iran had previously been banned from making deals with international organisations and banks. Read more here.
The news comes exactly one month after the election of United States President Donald Trump, who had vowed during his presidential campaign to terminate last year’s deal that eased international sanctions on Iran.
Another oil giant Total SA is expected to sign a similar deal, according to a report by Trend News Agency of Azerbaijan, Caucasus and Central Asia quoting a Bloomberg report. Read more here.
A historic U.S.-led agreement between Iran and six major world powers was announced on July 14, 2015, under which international sanctions imposed by the U.S., European Union and United Nations will be lifted in exchange for Iran approving a long-term restriction on its nuclear program. The West suspects that Iran’s nuclear program is aimed at creating a nuclear bomb. Read more here.
The agreement upset Sunni-led Saudi Arabia, a major regional rival to Shi’ite-led Iran. The two have for decades been in conflict over sectarian wars in Syria, Lebanon, Iran and Yemen.
The United Arab Emirates last September fiercely attacked the Islamic Republic of Iran at the annual United Nations meeting of world leaders.
"Against all optimistic expectations, Iran wasted no time in continuing its efforts to undermine the security of the region, through aggressive rhetoric, blatant interference, producing and arming militias, developing its ballistic missile program, in addition to its alarming designation as a state sponsor of terrorism," UAE Foreign Minister Sheikh Abdullah bin Zayed said at the U.N. event. Read more here.
Follow our Zawya Iran Special Coverage here.
© Express 2016
