Iran’s energy sector: No boom ahead?

03/06/2017 (Arab News – KSA by Naser Al Tamimi*): Iran might be boasting the world’s fourth-largest proven oil reserves and the second-largest natural gas deposits but its energy sector, hampered by years of mismanagement, sanctions and lack of advanced technology, is in dire need of new international investments. To be sure, Iran has not been able to make its Organization of the Petroleum Exporting Countries’ (OPEC) quota since 2005, not to mention the return to the shah’s period of 6 million barrels per day (bpd). Importantly, Western companies with the technology needed to develop Iran’s energy sector are worried that US President Donald Trump will tighten the secondary sanctions that may leave them vulnerable to punitive measures…

http://www.arabnews.com/node/1109126/columns

*Dr. Naser Al-Tamimi is a UK-based Middle East researcher, political analyst and commentator

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