Middle East


Iran’s planned upstream opening has been stalled as renewed US sanctions have quashed the appetite of western IOCs. With Total exiting South Pars, Tehran’s hopes for foreign investment now rest firmly with Russia and China. Meanwhile key buyers France and South Korea have halted importing Iranian crude and condensate in a blow to the government's efforts to avert economic catastrophe.

Iranian Annual* Petrochemicals Production & Exports (Mn Tons)
Asian Imports Of Iranian Crude And Condensate ('000 B/D)
India's Purchases From Top Six Oil Buyers* Falling Due To Lost Iranian Barrels