Iran expects more than USD 15bn worth of oil project finance deals before the end of its calendar year on 20 March 2018 – a bullish view for a country that has long languished under international isolation and sanctions. But recent tenders and deals suggest that Iranian project finance is finally on the table once again for foreign companies, following isolated forays out of Italy and France last year.
Hawkish rhetoric from the US government’s dealings with Tehran since the election of President Donald Trump has not yet derailed an increasing interest among international companies to assume Iranian project financing risk. This is despite the clear and present danger that any regression by the Trump administration to a sanctions regime on Iran could nullify investors’ ability to retrieve their money.
Debtwire’s Iran feature takes a look at the challenges for project financing in the Middle East’s second biggest economy against the political and financial backdrop, as well as the deals that are shaping the future of Iranian PF.
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