Oil industry puzzles over US' Iran decision

摘要

US president Donald Trump's invitation for Congress to determine the future of the Iran nuclear deal is adding another element of uncertainty for foreign companies considering investment in Tehran's upstream. Trump's declaration that the agreement is no longer in the US' national interests affects Iranian plans to attract up to $160bn of foreign financing for its oil and natural gas sector in the coming five years. "European firms say privately that, with this level of uncertainty, there is a risk that they will not be able to raise capital in the US," Canadian bank RBC Capital Markets' chief commodity strategist, Helima Croft, says.