Iran’s oil output has rebounded strongly. But its economy lacks the finance needed for infrastructure development. Can it tap sufficient foreign capital?

Iran has revamped its oil and gas sector since sanctions were eased at the start of 2016, but greater foreign investment is required if it is to fulfill its ambitious output 4.7mn b/d 2021 crude output target.

Projects continue to be delayed and quietly downgraded. Crude output and exports have rebounded strongly post-sanctions...