The return of US sanctions has crushed Iran’s planned upstream opening, quashing any appetite from western IOCs. Tehran’s hopes for foreign investment now rest firmly with Russia and China, but even here it is enjoying little progress. Meanwhile, key buyers have halted importing Iranian crude and condensate in a blow to the government's efforts to avert economic catastrophe. Iran is struggling to maintain flows using clandestine methods.
| Crude Output | 3.58 | mn b/d |
| Crude Exports | 2.05 | mn b/d |
| Gas Output (2017) | 240 | bcm |
ALL DATA 2018 UNLESS OTHERWISE INDICATED.
18 Dec, 2020
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With Donald Trump on the way out, Tehran is keen to ramp up crude exports – potentially to 2.3mn b/d. MEES takes a look at the dormant energy sector’s potential.
18 Dec, 2020
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