Iran can look back at a successful 2016 in its oil and gas sector,  with production soaring. But 2017 looks to be bigger still as it aims to finalize contracts with IOCs.

The bulk of international sanctions targeting Iran were lifted in January and the country’s crude output has soared by 790,000 b/d since December 2015 to 3.68mn b/d in November. Exports of crude oil and condensate meanwhile have more than doubled, from around 1mn b/d at the start of the year to nearly 2.5mn b/d...