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Monday, 22 May 2017

Rouhani Win Seen Speeding Iran Oil-Deals Push Amid Trump Threat - Bloomberg

Rouhani Win Seen Speeding Iran Oil-Deals Push Amid Trump Threat - Bloomberg:

"Iranian President Hassan Rouhani is in a stronger position after his re-election to push through plans for wooing foreign investors the country needs to boost oil production, according to analysts at Cornerstone Global Associates and SVB Energy. Iran’s effort to attract about $100 billion to develop more than 50 oil and natural gas fields bogged down ahead of the May 19 presidential election. Political arguments stalled approval of the contract terms the government would offer, and U.S. financial sanctions -- and the potential threat of additional curbs -- continue to dissuade many would-be international investors. Rouhani defeated rivals in a landslide, winning about 57 percent of the vote. As his victory was announced on Saturday, U.S. President Donald Trump was in Saudi Arabia, Iran’s regional rival, bolstering a coalition of states opposed to the Islamic republic. Trump has said the nuclear accord that world powers reached with Iran is one of the worst deals he’s seen and is reviewing policy toward the country. "



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