Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

Iranian Crude Production Faces Continual Decline

Growing gas shortage is adding to problem. Nick Wilson reports.

Iranian petroleum engineers say that to boost crude output Iran needs to reinject 20bn cfd of gas up from its current 3bn cfd but Iran will fall a long way short of the target, MEES learns. In addition to a growing gas shortage, the Iranian oil industry faces sanctions and other problems that will force a drop in output,...