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||1.99||mn b/d|
|2018 Crude Output||3.58||mn b/d|
|Gas Output (2019)||244||bcm|
27 Oct, 2023
Iran is finalizing development of new petrochemical facilities, but weakening markets mean that a repeat of last year’s bumper revenues is unlikely.
15 Sep, 2023
18 Aug, 2023
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28 Apr, 2023
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10 Mar, 2023
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