BASF says Iran investment in limbo amid uncertainty over sanctions
Feb 24 BASF said it was in talks with Iran over a possible investment of its oil and gas division in the country but no decision was on the cards because of uncertainty over the status of economic sanctions. "We can't see that the lifting of sanctions is being implemented at the speed that was initially expected," BASF Chief Executive Kurt Bock told a news conference after the release of 2016 earnings. "We are trying to assess whether it's possible for our oil and gas business to gain a foothold in Iran. We have been invited by the national ...
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