Iran Oil & Gas Report Q1 2015
Despite a small increase in oil production and exports following the Geneva Interim Agreement, a more significant increase of Iranian crude production and exports can only result from an easing or lifting of international sanctions. In such a situation, a significant ramp-up in production and exports to pre-sanction levels would take (at the very least) three to four years from when sanctions are lifted. Years of underinvestment, maturing oil fields and a lack of field and well maintenance has damaged fields, destroying some of the country's production capacity. Gas production will continue to grow, with further development of South Pars phases. Despite strong growth, limited access to capital and technology will still prevent production from accelerating sufficiently to meet demand. This will translate into gas shortages.
This report does not have a Table of Contents available
This report does not have a list of Companies Mentioned available
This report does not have a press release associated with it