Email of the day on Iran oil and gas supply
Comment of the Day

August 18 2022

Commentary by Eoin Treacy

Email of the day on Iran oil and gas supply

I wonder about the state of their infrastructure & would assume it will take some time for them to ratchet up production assuming an agreement is reached.  Additionally, does Iran have LNG facilities?

Eoin Treacy's view

Thank you for this question which may be of interest to the Collective. First off let’s break the potential for exports down into the oil and gas. When the sanctions were relaxed in 2015, Iranian oil exports jumped by 1.5 million barrels a day within 12 months. Exports have dwindled since sanctions were reimposed and currently sit at only 290,000 barrels. In the event sanctions are again relaxed, it is reasonable to expect at least an additional million barrels of supply within a short period of time.

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