A Trump red light for Iran deal: what's at stake for oil and gas
Firms such as Total may face new hurdles in contributing to the country's US$100b need for investment in sector
Dubai
IRAN, already struggling to attract investors to its energy industry, may find things tougher still as US President Donald Trump tries to undermine the nuclear deal that eased sanctions on Opec's third-largest crude producer. His efforts won't immediately curb the flow of some 2.3 million barrels of daily Iranian crude exports - more than three times the amount of oil the US has sold abroad over the past year. For investors, however, the risks could be higher. Companies such as Total SA, which in July became the first major Western energy company to sign a production deal with Iran since the 2015 accord, may face new hurdles in contributing to the Persian Gulf country's estimated US$100 billion need for oil and natural gas investment.
How could a US decision affect energy markets?
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply