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Daily News Analysis

European companies scramble for Iran oil and gas deals

Crescent International

Rabi' al-Thani 04, 14352014-02-04

The rush for Persian black gold is on. European business executives have made a beeline to Tehran to line up deals in the lucrative oil and gas arena with the easing of some sanctions against the Islamic Republic. While only a small fraction of sanctions have been eased, European oil executives know the rush is on. They do not wish to be left out even if the Americans--and Canadians--are absent from the scene.

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