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After US decision to withdraw from JCPOA and to reintroduce sanctions, Iran’s oil sector feels more pressure and uncertainty Almost four years ago, after years of difficult negotiations, the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), was signed. Many viewed it as a diplomatic triumph, which ...
... during the one-year period of hope 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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