Iran deals: The devil's in the details
Firms contemplating business in the country must still cross a minefield of complex US regulations
In January 2016, after the nuclear deal, the US lifted many sanctions on Iran, allowing non-US companies and foreign subsidiaries of US firms to resume business there. Some firms have found eager Iranian buyers for their products, particularly in the petrochemical and extractive industries. But many have ignored mandatory US Securities and Exchange Commission (SEC) reporting requirements that can be triggered by legal dealings with Iran. The lifting of sanctions didn't mean carte blanche authorisation for all Iran business. Non-US companies can still be penalised by the US if they transact with blacklisted Specially Designated National (SDN) Iranian firms, entities, or individuals. This requ
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind