Just Published: "Iran Oil & Gas Report Q2 2016"
New Energy market report from Business Monitor International: "Iran Oil & Gas Report Q2 2016"
[USPRwire, Fri Mar 04 2016] Gas production and consumption will see a substantial ramp-up in 2016 due to new phases of South Pars increasing gas availability. The lifting of sanctions in January 2016 will allow for oil production to increa se by around 600,000b/d by year- end. New refining capacity will eradicate net fuels imports from 2017.
We highlight the following trends and developments in Iran's oil and gas sector:
Sanctions were lifted on January 16 2016, restarting financial and economic connections with non-US countries
In our view Iran will be able to increase oil production to up to 600,000b/d, adding an average of 400,000b/d over 2016
Full Report Details at
Total has reportedly agreed a 150,000-200,000b/d oil export agreement with Iran, though the timeframe remains unclear
Phases 15 and 16 of South Pars were officially inaugurated on January 11 2016, adding nearly 20bcm of gas production capacity
Phases 17 and 18 of South Pars are due to begin production by April 2016, adding another 20bcm of gas production capacity
Phases 15-18 of South Pars will also add 160,000b/d of condensate production between them.
Gas consumption reportedly increased sharply in January due to increased gas availability with particularly strong demand from the power sector
This dynamic also supported an increase in diesel exports, due to a reduction in demand for oil products from power generators
The Persian Gulf Star refinery was reportedly 86% complete in January 2016 - it received a EUR650mn allocation from the National Development Fund and is targeting completion by July 2016
Saipem reportedly signed a memorandum of understanding to cooperate in the upgrade of the Pars Shiraz and Tabriz refineries
Refined fuel consumption is on track to fall around 1.5% y-o-y in 2015 as fuel subsidy reductions in March and weak economic growth limited consumption; gasoline consumption continues to grow
Progress on the Iran-Oman gas pipeline could lead to a front end engineering design contract in H216
The Iran Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Iran including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Iran Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Iranian oil and gas industry.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Vanguard Natural Resources, LLC Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015
- Denmark Oil & Gas Report Q2 2016
- Bulgaria Oil & Gas Report Q2 2016
- Russia Oil & Gas Report Q2 2016
- Toro Oil & Gas Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015