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Years of isolation created hesitation to do business in Iran

Years of isolation created hesitation to do business in Iran

Date: 14 December 2015 09:42

Tehran, Iran, December 13

By Mehdi Sepahvand –- Trend:

A European legal consultation company says there is a certain amount of hesitation for doing business in Iran, both inside and outside the country, as a result of Iran’s years of isolation from international business as the country has been under strict international sanctions.

The Iranian companies and foreign counterparts which are going to do business in the post-sanctions Iran need guidance and assurance about lasting, profitable contracts, Seyed Soheil Mansouri, cofounder and managing partner at Cigman Solutions, told Trend on the sidelines of the 12th Iran Petrochemical Forum in Tehran on December 13.

Lots of companies want to do business in Iran, but they don’t know how, he noted.

Cigman Solutions is a Danish company that provides efficient solutions in the chemical, biochemical and petrochemical industry - of technical, economic and legal aspects.

The core of the company’s business plan is to ease the global trading between Danish/European companies/investors with the new and emerging markets such as in Southeast Asia and Middle East.

Regarding Iran’s newly unveiled oil contracts called IPC (Iran Petroleum Contract), Mansouri said the big concern about them is how to make the contracts and realize all the fruitful collaboration.

“To me they are a little bit blurry. Sanctions aren’t lifted yet. We are hoping to have a more precise idea when situations are clearer,” he stated.

“However,” he noted, “the IPCs are interesting and leave a lot of room to invest. They are a good start and there is hope.”

Iran is looking forward to the removal of the sanctions in the coming weeks. The lifting is to be carried out under the Joint Comprehensive Plan of Action which was reached between Iran and the group 5+1 (the US, UK, France, Russia, China, and Germany) in July.

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