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Iran's crude production stable as nuclear talks extended

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11 August 2014

Iran's crude production stable as nuclear talks extended

Report summary

Talks to reach a deal on Iran's nuclear programme have been extended for four additional months. The country's upstream sector is crippled by international sanctions and Tehran is struggling to benefit from the temporary sanctions relief as production remains flat and access to revenues from oil sales is still constrained. A new fiscal regime is to be unveiled at the end of the year in order to attract foreign investment which, alongside the lifting of sanctions, will be crucial for the country.

Table of contents

  • The nuclear talks deadline has been extended to late November 2014
  • Sanctions relief will have little impact on Iran's upstream industry
  • New fiscal terms to be announced at the end of the year

Tables and charts

This report includes 1 images and tables including:

  • Iran's crude oil production ('000 b/d)

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    Iran's crude production stable as nuclear talks extended

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