VOL. XXXIV

NO. 37

17-JUNE-1991

Iran's Oil Capacity Expansion Plans

MEES Editor Ian Seymour Takes a Detailed Look at Iran's Ambitious OutputCapacity Expansion Plans

In a major effort to put its oil industry on a firm footing for the 1990s,Iran is planning to spend some $5bn on expanding its oil production capacityto close on 5mn b/d by March 1993 from the present level of around 3.4mn b/d. Ofthis $3bn will be allocated for development offshore, and $2bn onshore. Inaddition, a further sum of $1.4bn...