The 2015 nuclear deal between Iran and six world powers - the US, Russia, China, the UK, France and Germany - lifted international sanctions on Iran's economy, including those on oil, trade and banking sectors.
But the conclusion of an international agreement to limit Iran's nuclear arms capacity, which would
lift the international sanctions that have restricted Iranian energy exports, would give new momentum to the planned construction of an ultra-deepwater natural - gas pipeline across the Arabian Sea, from Iran to India's west coast.
Not exact matches
Iran re-emerged as a major oil exporter in January 2016 when
international sanctions against Tehran were
lifted in return for curbs on Iran's nuclear programme.
Iran, a member of the Organization of the Petroleum Exporting Countries, re-emerged as a major oil exporter in January 2016 when some
international sanctions against Tehran were
lifted in return for curbs on Iran's nuclear program.
Trump has until May 12 to decide whether to restore
sanctions on Iran that were
lifted after the
international agreement.
Subsequent to the
lifting of
international sanctions on Iran, the nation is boosting production at least twofold to four, perhaps even five MMPD.
U.S. crude futures dipped below $ 28.50, while the
international benchmark Brent fell as far as $ 27.79 a barrel after reports that Iran had offered sharp discounts to customers in Europe and Asia to find buyers for millions of barrels of oil in storage that it is now free to sell, after the
lifting of most
international sanctions on it at the weekend.
Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), re-emerged as a major oil exporter in January, 2016 when
international sanctions against Tehran were
lifted in return for curbs on Iran's nuclear programme.
The Persian Gulf nation has estimated it could double its global crude sales within six months of
international sanctions being
lifted as a June 30 deadline for a nuclear deal with world powers approaches.
US President Donald Trump has until May 12 to decide whether to restore
sanctions on Iran that were
lifted after a 2015
international agreement over its nuclear program.
Iran resumed its role as a major oil exporter in January 2016 when
international sanctions against Tehran were
lifted in return for curbs on Iran's nuclear programme.
And with
international sanctions against Iran about to be
lifted — in exchange for an agreement to halt its nuclear program — the country has promised to increase its own production from 3.3 million barrels a day to as many as 4 million barrels a day by the end of 2016.
Trump is expected to agree this week to continue granting Iran a reprieve from
sanctions over its nuclear program, while again signaling his displeasure with the
international nuclear deal that
lifted the penalties, U.S. and European officials, congressional aides and others said.
The decision to
lift the
sanctions against Iran came on Sunday after the
international nuclear watchdog, the IAEA, said Iran had complied with a deal designed to prevent it developing nuclear weapons.
At a hearing last week, supporters of
lifting the ban said the move is needed to help Libya rebuild global ties after decades of
international sanctions during the dictatorship of Muammar Gaddafi.
A final agreement, in which Iran will dismantle parts of its nuclear program and accept
international inspections in return for the
lifting of
international sanctions, isn't due until the end of June.
Once
international sanctions are
lifted, $ 100 billion from Iranian oil sales will be released from escrow accounts.
As a result of increasing democratization and the
lifting of
international sanctions, foreign money is pouring in.
Global Witness and Liberian civil society have documented systemic legal violations in the timber sector since the
lifting of UNSC timber
sanctions in 2006, which was a particular focus of
international reform efforts since the end of the country's timber and diamond fuelled war in 2003.
The announcement came nearly one week after US President Donald Trump refused to re-certify the global nuclear deal that Germany, France, US, UK, China, and Russia had signed with Iran after years of negotiations in 2015,
lifting long - standing UN-imposed
sanctions that had isolated Iran from the
international community for years.
Since the
lift of the
sanctions in January 2016, Iran has increased its
international business activity, with solar playing an important role in the attraction of foreign investment due to the country's high solar potential.