CASPIAN

Shah Deniz Expected To Win Waiver From US Sanctions

Despite Iran’s involvement as a minority partner in one of the most significant Caspian Sea upstream joint ventures, Azerbaijan’s Shah Deniz gas field production sharing agreement (PSA), the consortium is almost certain to be exempted from the latest round of US sanctions against Iran, as set out in the Iran Threat Reduction Act of 2011 which was signed into law by President Barack Obama on 31 December 2011. Shah Deniz...