Related Articles
Forward article link
Share PDF with colleagues

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



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from Canada: Keystone XL’s demise a fiasco and opportunity
26 January 2021
The Canadian oilsands industry should now be clear where it stands and plan accordingly
Russia benefits from standing its ground in oil price grey zone
25 January 2021
Saudi sacrifice shows greater appetite for compromise in a price environment that is not win-win for the two Opec+ heavyweights
Oman runs hard to stand still
25 January 2021
The sultanate’s long-term oil ambitions are modest, but the urgent appetite for fresh gas supply remains
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video