Maersk ready to target Iran after nuclear agreement
An Iran without the constricting ties of international sanctions could result in new businesses for the Maersk Group as a whole, the company tells EnergiWatch. Iran hopes to resurrect the country's oil industry, and it could thus be time to wake a sleeping Maersk Line in the country.
BY MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH
While an agreement concerning Iran's nuclear program helps put a cooling patch on western fears of a nuclear armament, the Maersk Group eyes business opportunities in the country.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.