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Iran's upstream industry: a vote for change?

09 July 2013

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09 July 2013

Iran's upstream industry: a vote for change?

Report summary

Hassan Rouhani's victory in the presidential election on 14 June could herald significant change for Iran's petroleum industry. Iran is one of the world's largest resource holders, but oil output is now buckling under the pressure of international sanctions and the effects of sustained under-investment. Oil production and exports have fallen to 2.7 million b/d and 1.1 million b/d respectively, their lowest levels in two decades. Rouhani has vowed to improve Iran's international relations...

Executive Summary
Victory for moderation
An industry on its knees
Looking to the future of Iran’s oil and gas industry
- A maturing oil province with huge gas potential
- Geographical advantages
Something’s gotta change

Tables and charts

This report includes 7 images and tables including:

Iran's historical crude production and the impact of sanctions since 2011
Key economic metrics for three current buy-back contracts with international companies
Appendix A: Timeline of international sanctions on Iran (since 1995):