Iran

Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas applications are driving change in the Middle East market.

When news broke last summer that international sanctions against Iran were set to be lifted, it sparked a wave of interest in the country’s potential that only intensified in the months that followed.

International sanctions on Iran have been lifted, following the country’s compliance with a deal to monitor its current and future nuclear capabilities.

When a record crowd for a gasworld conference gathered at the Jumeirah Beach Hotel in Dubai, UAE in December, it underlined the significance of the opportunities in the region to local and international companies alike.

In order to meet growing energy needs, India is set to buy stakes in Iran’s LNG terminal based at Tombak Port, southern Iran.

The curtain has now fallen on the MENA Industrial Gas Conference 2015, with the ongoing developments in Iran a major talking point for exhibitors and delegates alike.

Day two of the MENA Industrial Gas Conference 2015 begins in Dubai (UAE) this morning, with growth drivers for the region’s merchant markets in the spotlight.

Despite various examples of political upheaval in the region and economic headwinds across the globe, the future remains bright for the Middle East and North Africa (MENA) industrial gases market.

The expected lifting of international sanctions against Iran has been the catalyst for much speculation across regional markets and industry alike.

Frozen out of the international banking system, Iran looks likely to become the biggest country to rejoin the global economy since post-Communist Eastern Europe in the early 1990s.