Search: Oil,JCPOA (2 materials)

Iran’s Oil Sector under Renewed Sanctions: Adopting to the New Reality

... sanctions on Iran in November 2018, it seems clear that Europe won’t challenge this decision. For a year already the E.U. has been promising to launch a special purpose vehicle (SPV) to bypass U.S. sanctions and continue trading with Iran, including oil, in order to preserve JCPOA, but as of yet it hasn’t materialized. Andrey Kortunov: What Is the US Endgame in Iran? 2018 Game Changer Donald Trump’s decision to pull out of JCPOA in May 2018 and his further move to reimpose all sanctions on Iran, including the embargo ...


Will the Pearl Reveal Itself: What is in Store for the Iranian Oil & Gas Industry?

... and freedom? What do international investors, including Russian companies, make of Iran’s energy prospects? Did Iran fulfill its promises? Reuters Most of the promises the Iranians were making in the run-up to the sanctions being lifted dealt with oil production and exports. In July 2015 – right before the JCPOA was signed – Iran produced around 2,85 million barrels/day (mbd). At that time, local companies and the government claimed they could increase production up to 4 mbd in three months after the sanctions were lifted, i.e. by March 2016. In statements ...


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