Tuesday 12 May 2015

Businesses see opportunities in Iran if sanctions are eased | GulfNews.com

Businesses see opportunities in Iran if sanctions are eased | GulfNews.com:



"As the United States and five major world powers hold talks with Iran to ease sanctions over its controversial nuclear enrichment programme, petrochemical companies see opportunities in the Islamic republic to expand their business.



A top executive of the US-based Honeywell UOP, which is involved in delivering technology to the petrochemical industry said that if sanctions are eased, there will be plenty of opportunities for companies.



“If the deal is reached, there would be a lot of potential. We started contingency plans to look at what the opportunities will be and how we would mobilise our sales and market forces. We don’t have any contacts or sales in the country but we know who the players are,” said Michael T Millard, senior vice-president and general manager of catalysts, absorbents and specialities in UOP."



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