posted by Christopher W. Holton
All of the major players that were once providing corporate life support for the ayatollahs in Tehran are lining back up once again…note that “development and infrastructure projects” are just what Iran needs to raise cash for its treasury…
Iran said on Wednesday that Norway had offered the Islamic republic a $1-billion credit line following a meeting between their foreign ministers in Tehran.
Børge Brende and Mohammad Javad Zarif signed three “export credit” deals aimed at funding “development and infrastructure projects”, Iran’s foreign ministry said in a statement.
Iran has struggled to tap international finance as many banks fear US penalties if they do business with the Islamic republic.
“After the lifting of sanctions, good opportunities have emerged for cooperation and Norway is ready to utilise the post-deal situation to expand cooperation in various fields,” Brende said, according to the official IRNA news agency.