John K. Defterios, Anchor and Emerging Markets Editor, CNN International speaks during the 2012 of the World Economic Forum at the congress centre in Davos, Switzerland, January 27, 2012. (Wikipedia/Michael Wuertenberg)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
A leading CNN anchor and expert in emerging markets believes that the U.S. Treasury will probably lift sanctions on Iran in a couple of years and this would encourage oil companies to deal openly with the Persian country.Defterios, who attended a diaspora conference in Beirut organized by the Foreign Ministry, stressed that Iran is the last frontier market in the world with 80 million consumers, highly educated population and the highest combined oil and gas reserves in the world. Despite the lifting of sanctions, most European and U.S. oil companies are reluctant to move to Iran as long as the U.S. Treasury maintains the monetary sanctions on the country.Defterios, who traveled to Iran twice over the past six months and interviewed the country's oil minister, said some people have great hope that the economy could grow 6 to 7 percent a year over the next 10 years. Iran has been outside the market for four years".Defterios noticed during his visit to Iran that Iranian officials are determined to pump more oil and have set up plans to produce 4 million barrels of oil by the end of 2016 .
Khalil: Lebanon to raise $2B in Eurobonds at below 14 pct
Dollar demand ‘nothing unusual’, Lebanese bankers say
Lebanon to pay top yield on new Eurobonds
FOLLOW THIS ARTICLE