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Following marathon talks, Iran and the P5+1 have announced a final accord. The deal's implementation is pending approval from the US congress and the Iranian Majles. Even if all parties approve the deal – which is by no means certain - the process to remove sanctions could take several months. As a result, we do not expect Iranian crude to flood the market in the near-term. We believe it could take Iran until the end of 2017 to increase production of crude oil by 600,000 b/d.
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Description
This Upstream Oil and Gas Inform report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.
Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.
Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Inform | Jul 2015
Iran and world powers reach historic nuclear deal
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