Iran needs some $11 billion in investments to develop oil fields along its border with Iraq, Bloomberg has reported , citing the new head of the National Iranian Oil Company Mohsen Khojastehmehr. Where the money would come in remains as of yet unclear after Trump administration sanctions drove foreign companies out of the country. The sanctions are still in place under Biden despite an attempt to clinch a new nuclear deal. The latest reports in this respect suggest the talks may be heading for a collapse. The Independent reported last week that Iran is in no hurry to return to the negotiating table and continues to build its nuclear capabilities. The report also suggested Tehran may see the potential deal as “more trouble than it’s worth.” Meanwhile, however, the country continues to work on boosting its oil production despite the sanctions. The development of the border fields could add […]