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Thomson Reuters eyes business opportunities in Iran

11 April 2014 14:15 (UTC+04:00)
Thomson Reuters eyes business opportunities in Iran

By Sara Rajabova

Thomson Reuters studies business opportunities in Iran once international sanctions against Tehran are lifted.

The Thomson Reuters spokeswoman confirmed on April 10 that the company had a meeting with representatives from the Tehran Stock Exchange in this regard earlier this week, Reuters reported.

She, however, said the company is aware of sanctions against Tehran and complies with all sanction rules and regulations.

"Consistent with these rules, the meeting was used to express mutual interest in exploring potential business opportunities should sanctions permit and the opportunity be aligned with our business objectives," the spokeswoman added.

Iran and the six world powers -- the United States, France, Britain, China, Russia and Germany -- reached an interim deal on November 24, 2013 in Geneva to set the stage for the full settlement of the dispute over Iran's nuclear energy program.

Under the deal, which took effect on January 20, the six countries agreed to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities during a six-month period. It was also agreed that no nuclear-related sanctions would be imposed on Iran within the same timeframe.

After reaching an interim deal, foreign companies voiced their intention to resume their activity in Iran, especially in the energy sector.

In late 2013, Iran named seven Western oil companies it wants back in its vast oil and gas fields if international sanctions are lifted and said it would outline investment terms in April next year.

Iranian Oil Minister Bijan Zanganeh named the seven in order: Total of France, Royal Dutch Shell, Italy's ENI, Norway's Statoil, Britain's BP and U.S. companies Exxon Mobil and ConocoPhillips.

Zanganeh also said that Iran has begun talks with leading Western energy companies to attract them back to the country.

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