The Guardian quotes Global Energy Center Nonresident Senior Fellow Sara Vakhshouri on how US energy companies are not likely to invest in Iran’s oil market in 2016 due to security issues:
With a population of 80 million, Iran has been described as the world’s last great emerging economy. Despite its huge oil and gas reserves, US energy companies are treading carefully. Sara Vakhshouri, president of SVB Energy International, said: “I really cannot imagine in 2016 seeing any major US energy companies going in.
“Very important for these firms is security. Even if the sanctions are lifted, if you’re Chevron or ExxonMobil and you’re sending American personnel to Iran, you’re going to be concerned until relations are normalised.”