Iran and the P5+1 reached an agreement on a detailed nuclear accord on Tuesday that allows for the lifting of sanctions on Iran in exchange for allowing inspections at its nuclear sites. The Iranian oil and gas sector is expected to open up in the medium- to long term. Many countries that used to import large volumes of Iranian oil are thus expected to increase their exports in the near future.
Chief among these countries is China which was forced to cut its Iranian oil imports in 2012 and 2013. What will China do now that the sanctions will be lifted? Anadolu News Agency from Turkey spoke about the issue with Sijbren de Jong. The full article can be read here.
Experts
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