Iran’s energy sector will feel the repercussions of renewed sanctions
Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment.

Although some sanctions targeting the energy industry were temporarily lifted, and oil production reached ~3.8 MMBOPD in 2017, growth has remained slow.

According to an EIA report published in April 2018, Iran ranked among the world’s top 10 oil producers ...


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