Feature: Post-sanction Iran offers new prospects for Western firms

Article published in the March/April issue of ERJ

London – The nearly-untapped Iranian market is now on the radar for many Western investors, three months after international sanctions were lifted against the Islamic Republic.

Among the key agreements in the tire and rubber sector was a €1-billion memorandum of understanding signed between Tehran and Italy’s Maire Tecnimont in February, which will see the Italian firm building a refinery and petrochemicals plant in the southern oil and gas rich Assaluyeh port.

Tecnimont will carry out the engineering design and…

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