IOEC and Iran’s Black Gold

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Iran’s international relations and trade is heavily centered around two products: oil and gas. Its natural resources have kept the Middle East country in a dispute with its largest buyers, the U.S. and Europe.

The  Iranian Offshore Engineering and Construction Company (IOEC) is at the middle of this discord. It is the Iranian leader oil and gas contractor. Given that Iran boasts the fourth largest oil reserves in the world, IOEC has a role of global significance.

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