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 |
10 Mar, 2023
24 Feb, 2023
6 Jan, 2023
6 Jan, 2023
9 Dec, 2022
2 Dec, 2022
11 Nov, 2022
21 Oct, 2022
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.