Iran nuclear row to lift Latin American, African prospects

As the International Atomic Energy Agency (IAEA) Board voted Feb. 4 to refer Iran to the United Nations Security Council for pursuing a nuclear weapons program, a real possibility emerged that Iran may be sanctioned by the world community.This standoff between Iran and the West has substantial and often ignored implications for the business climate facing oil and gas companies operating in Africa and Latin America. The crisis provides both opportunities and risks that companies must carefully consider as they prepare for the fallout from what promises to be drawn out negotiations and a game of “chicken” between a belligerent Iran and the West.The contours of the crisis are wel...

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