Iran seeks to boost new business climate

Barely a few weeks after the P5+1 and Tehran opened the way to a lifting of economic sanctions thanks to the July 14, 2015 historic accord in Vienna on Iran’s nuclear program, it seems Iran has now taken the lead by skillfully generating growing interest from foreign – particularly western – companies. Government sources have repeatedly informed the media about Iran’s needs. For instance, Iran’s increase in oil production between 500,000 and 1 million bpd will require new equipment. The same is true for Iran’s airlines whose increased activity will require at least 80 to 90 new airplanes. By creating business opportunities, Iran insists on the potentially profitable positives of the accord for its future foreign partners and the more business deals are likely to be reached, the more Iran can capitalize on the existing accord.