Petroleum Iran Oil and Gas

Prospect

Iran is the world’s fourth largest oil producer. It has the world’s second  largest gas reserves  and  fourth  largest  oil  reserves, as  well  as  being  quite  rich  in  minerals. Iran  was  a  founding member of OPEC, and is  an  important  player  in today’s  world oil  market, with  great potential for future  oil  and gas discoveries and for increasing  production  and  exports.
Iran  has  a  strategic  position  in  world  trade , bridging  the economies  of  the  East  and  the  West. geographically  it  links Central  Asia  and  the  Caspian  region  to  the  Persian  Gulf  and  Indian – Ocean .The  country  is  now  well  past  its  revolutionary  turmoil  and  its  foreign  policy  objective  is  currently  to  minimize  international  and  regional  tension  and  to  promote  dialogue  among  civilizations  and  friendly  cooperation  with  other  nations .
Twenty-three  years  after  the  triumphant 1979  Revolution , the Islamic  Republic  now  follows  more  pragmatic  policies. It  is  liberalizing  trade  and  foreign  exchange  and  thus  trying  to  attract  foreign  capital  in  all  sectors , especially  oil , gas  and  petrochemicals. Massive  reconstruction  has  taken  place  since  the  end  of  the  eight-year  imposed  war  with  Iraq  in 1988 . Following  the  opening  of  its  hydrocarbon  sector, Iran  has  been successful  in  attracting  international  oil  and  gas  companies’ investments , despite  unrelenting  U.S  sanctions’  policies.

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Oil-driven economy to diversify

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The Hottest Petrochemical hub on the planet

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Accentuating “ Gas “

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Oil Ministry Energy Policies

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Raising necessary funds , to be challenging

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Economy integration

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Leader’s emphasis

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Power sector

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Anticipations

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Seeking to redefine the role of oil and gas