Market Report, "Iran Oil & Gas Report Q4 2014", Published
Despite a small increase in oil production and exports following the Geneva Interim Agreement, a more significant increase of Iranian crude production and exports can only result from an easing or lifting of international sanctions. In such a situation , a significant ramp-up in production and exports to pre-sanction levels would take (at the very least) three to four years from when sanctions are lifted. Years of underinvestment, maturing oil fields and a lack of field and well maintenance has...
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