 "An offshore oil platform at the Bouri Oil Field off the coast of Libya")
Aban Offshore, which provides drilling and support services for offshore oil exploration and production, has started seeing positive news after sanctions against Iran were lifted.
While the company has already started seeing a dip in receivables, the re-election of President Hassan Rouhani in Iran will pave the way for more order flows. The company is also betting big on the West Asia market.
The development comes in the backdrop of US lifting the embargo on Iran.
Aban Offshore Senior Vice-President S Srinivasan said that the company had around $288 million in receivables from Iran as on March 2016, which subsequently
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