9 October 2020
Local firms take Iranian field reins
Iran has succeeded in expanding its oil and gas production capacity without the help of foreign partners. But at what future cost?
Iran has made significant progress in overcoming restrictive sanctions preventing the involvement of foreign partners to further develop its oil and gas fields. And that has allowed the Islamic Republic to ramp up its secretive exports and win back market share. Following the withdrawal of international partners from integrated petroleum contracts (IPCs) signed in 2017, efforts to expand the country’s production capabilities stalled. However, the Ministry of Petroleum and state-owned NIOC appear to be beating the odds, pushing forward with local companies while maintaining previous production targets. The major push has coincided with the final year of Hassan Rouhani’s second presidential te

Also in this section
29 July 2025
The EU’s Russia sanctions could have far-reaching implications for India’s Vadinar-based refinery
29 July 2025
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns over over-dependency on a single supplier and desire to drive down the price make it relatively unlikely that a contract will be finalised this year.
29 July 2025
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance.
25 July 2025
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain