Oman and Iran in Post-Sanction Deal

 08 Mar 2016 03.58pm

Following the recent lift of international economic sanctions on Iran, the Port of Salalah in Oman has signed trade agreements with a number of Iranian terminals in a bid to drive shipping ties with Tehran, according to Arabian Business.

Sanctions were lifted on Iran recently after a nuclear deal was implemented to allow non-governmental entities to begin trading in the country.

Technical Paper: Iranian Ports in the Post-Sanction Era

David Gledhill, CEO of the Port of Salalah, said: "We also envisage the landlocked countries adjacent to Iran to use the existing multilateral agreements for transport corridors to access new markets.”

Sohar Port, also in Oman, is in talks with Iran’s shipping lines and ports to boost trade.

Technical Paper: Sohar Port and Free Zone

Iran has made deals with a number of shipping lines since sanctions began to be lifted, including CMA CGM, which recently signed an agreement with the Islamic Republic of Iran Shipping Lines (IRISL), to jointly operate routes and container terminals.

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