Can Iran help North Sea firms through slump?
North Sea oil companies are being urged to do business with Iran - now that the economic sanctions have been lifted.
North Sea oil companies are being urged to do business with Iran - now that the economic sanctions have been lifted.
A seminar's being held this lunchtime at Aberdeen's chamber of commerce to promote the region as a potential money-maker.
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Middle East expert at Pinsent Masons George Booth will be one of the speakers.
He says production costs in Iran are low, so money can still be made even if the price of oil falls further.
But the opening up of Iran may not be all good news - there are fears of even more oil flooding the market, driving the price down further.