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Iran's nuclear talks extended

Oil
 

Nuclear talks between Iran and the P5+1 group (US, Britain, France, China, Russia and Germany) failed to conclude by its original deadline of July 20 and is now extended for another 4 months until a final deadline of November 24. The parties are expected to resume the unfinished July talks in September.

In the meantime, Iran has agreed to convert a quarter of its 20% enriched uranium to fuel for Tehran reactor in exchange for another $2.8 bn release of their frozen assets. Although the original deadline was missed, both sides have expressed the signs of hope for a solution by November. That solution, if any, might not lead to a complete removal of oil sanctions from Iran anytime soon.

 

Further information on FGE's Iran Oil & Gas Service can be found online by clicking on the link below.

 

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