Comment on A Norwegian energy company is making a big bet on Iran

A Norwegian energy company is making a big bet on Iran

SAGA Energy/Facebook President Trump is discontent with the nuclear deal in Iran, but Norway is not. Saga Energy, a Norwegian company, has made a $2.9 billion investment in Iran. President Donald Trump wants to reisolate Iran, reneging on the nuclear deal, JCPOA, of 2015. The president described the agreement – that has been called the signature foreign policy achievement of Barack Obama’s presidency – as, “embarrassing,” and, "one of the worst and most one-sided transactions the United States has ever entered into," in a UN speech. But one Norwegian company is defying Trump and making a big bet on Iran. Saga Energy has signed off on an investment of EUR 2.5 billion (2.9 billion USD), for installations of new solar panels in Iran, the AFP reports. The contract is with Iran’s Amin Energy Developers and concerns a period of five years.

 

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