How Iranian Oil Would Change the South Caucasus?

After more than a decade of negotiations, the economic sanctions against Iran were lifted in January. Iran, P5+1 countries, and the European Union agreed on the adoption of a Joint Comprehensive Plan of Action (JCPOA). The JCPOA limited the Islamic Republic’s nuclear program as a quid-pro-quo for a return to the oil market. Iran’s return to global oil markets would mean a new challenge both for Europe and the South Caucasus. This paper will examine the political and economic implications of the lifting of sanctions for the South Caucasus region.

Published by BILGESAM; NO:1292; February 5, 2015

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