The problem is, it's a glorified spreadsheet domiciled in Kish Island where the odd petrochemical transaction is registered.
Nothing to do with me, squire. The Oil ministry never wanted it, and they call the shots, so they kicked it into the long grass years ago.
Never mind LNG - even when the money was rolling in their investment was actually reducing. The problem is a combination of more effective sanctions and a managerial vacuum on a cosmic scale. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
