By: MICHEAL KAUFMAN
Published: Apr 7, 2015 at 8:20 am EST
Iran’s oil exports are set for a boost after a framework nuclear agreement was reached between the country and world powers in Lausanne, Switzerland. The deal also paves the way for international energy groups to make a comeback to the country after a five year pause.
Western sanctions against Iran have badly hurt its oil and gas industry. The Iranian government now wants foreign investment to return and it’s expected that Tehran will start preparations for new contracts with western companies.