Iran

Opec’s blind spot when it comes to counting its members’ output of condensate and other NGLs – 7mn b/d and...

Iran accelerates plans to unify its two-tier exchange rate system in a desperate attempt to stabilize its plummeting currency amid geopolitical uncertainty. But efforts to impose currency controls look unenforceable and risk fomenting further dissent.

US threats are stymying Iranian efforts to attract upstream investment. But European and Asian buying of Iranian crude will likely be unaffected.

Iran has scored a success with the belated signing of its second, post-sanctions upstream deal with foreign firms. But the continued focus on developing Iran’s heavier reserves is pressuring pricing for its Iran Heavy grade.

As the second US shale revolution continues to gather pace, prospects for Opec being able to unwind its supply cuts...

As phase two of Iran’s 360,000 b/d Gulf Star splitter project nears completion, dreams of gasoline independence have faded.

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Efforts by Iran’s Central Bank to halt the rial’s slide look unlikely to improve the situation and risk undermining the government’s successes in reducing inflation. Tehran’s efforts to spark affordable lending to the private sector are set to be stymied.

New contracts with IOCs to develop Iranian fields always seem to be just around the corner. Iran is adamant that contracts will be signed before 21 March, but it seems unlikely that this will include the highest-profile fields on offer.