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Middle East Oil & Gas Monitor Quotes Anthony Rapa on Oil Company Sanctions

October 30, 2015

Steptoe associate Anthony Rapa was quoted in a Middle East Oil & Gas Monitor article titled "Iran Not Willing to Negotiate on IOC Insurance Requirement."  The article, published October 27, discusses the challenge presented to international oil companies in securing acceptable insurance coverage for hydrocarbon projects in Iran, despite the Joint Comprehensive Plan of Action (JCPOA) deal to ease sanctions.

Mr. Rapa explains that implementation of the JCPOA is not expected to occur until late spring/early summer of 2016.  Furthermore, Mr. Rapa notes that non-nuclear US sanctions related to the Islamic Revolutionary Guard Corps and its influence over Iran's business and financial sectors will not be eased by the JCPOA, and will continue to have significant implications for non-US companies seeking to enter the Iranian market.

The full article can be read at Middle East Oil & Gas Monitor (subscription required).