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Iran's upstream industry: a vote for change?

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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...

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    Iran's upstream industry: a vote for change?

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Table of contents

Tables and charts

This report includes 7 images and tables including:

Tables

  • Key economic metrics for three current buy-back contracts with international companies
  • Iran's top producing oil fields
  • Major undeveloped oil discoveries in Iran
  • Major undeveloped gas discoveries in Iran

Images

  • Iran's historical crude production and the impact of sanctions since 2011
  • Appendix A: Timeline of international sanctions on Iran (since 1995):
  • Key fields, infrastructure and exploration potential

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