Iran, 'Open for Business'?

"... Oil minister Bijan Zanghaneh met energy executives including those from Chevron and Shell. He plans to hold a conference in London this year where some of those attending will be the same executives who were being warned about the pitfalls of Iranian investment by Mr Harrell last week. London, meanwhile, is also going to be the venue for a test case on the whole issue of the legality of sanctions on enterprises.In Iran, businessmen say the Russians and the Chinese are vying to offer barter deals for oil before European companies arrive with the technology the Iranians want. American companies, meanwhile, are complaining they may lose out because of the US administration’s punitive stance. The Homa Hotel in Tehran, which aims for a corporate clientele, reported a rise in European guests by 30 per cent from last year. Trade delegations had gone to Iran from China, India, Turkey, Georgia, Kazakhstan, Italy, Austria, Sweden and even Ireland. “We are quite encouraged by the interest, we hope it will continue to rise,” stated Mehrdad Jalalipour, director of Iran’s Trade Promotions Organisation.But the prize, high-profile visitor has been Recip Tayyip Erdogan. After a gap of two years during which relations plummeted over Tehran’s support for the Assad regime in Syria’s civil war while Ankara was backing the rebels, the Turkish prime minister has been to Iran again, declaring that it was his “second home”. Rouhani will reciprocate by going to Ankara..."