Iran has great oil and gas resources, there­fore Western and indeed all inter­na­tional com­pa­nies do not want to lose the oppor­tu­nity to do busi­ness with Iran, pro­fessor of eco­nomics at U.S. North­eastern Uni­ver­sity, Kamran Dad­khah told Trend.

This is of course, if the country’s nuclear issue is resolved and sanc­tions are lifted,” he added.

Iran and the P5+1 group on Jan. 20 have started to imple­ment an agree­ment that was reached on Nov. 24, 2013, regarding Iran’s nuclear pro­gram. While Iran has agreed to sig­nif­i­cantly cut down its ura­nium enrich­ment, while in return it would be get­ting a relief from sanc­tions for a six-​​month period.

According to BP sta­tis­tics, Iran holds world’s largest gas reserves, while being 4th in terms of proven oil reserves.

Kamran Dad­khah said that given the uncer­tainty about a final deal between P5+1 and Iran, many com­pa­nies do not want to reach a def­i­nite deal with Iran.

He fur­ther said that in addi­tion to the nuclear dis­pute and sanc­tions, the Iranian laws and it busi­ness envi­ron­ment are obsta­cles to for­eign invest­ment in oil and gas sectors.

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