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Business

With sanctions lifting, global companies see opportunity in Iran

VIENNA -- Iran will shake off economic sanctions in exchange for having its nuclear abilities curtailed, freeing the nation to export copious amounts of crude oil and engage in foreign trade with eager multinational corporations.

     Iran is a country rich in natural resources: fourth in the world in confirmed oil deposits and the global leader in natural gas reserves. A population of 78 million makes the nation one of the biggest markets in the Middle East, and companies around the world locked out by sanctions are looking to gain a foothold.

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