Author : Joseph A. Christoff
Publisher : DIANE Publishing
Page : 25 pages
File Size : 54,8 Mb
Release : 2010-11
Category : Technology & Engineering
ISBN : 9781437932522
Firms Reported in Open Sources as Having Commercial Activity in Iran's Oil, Gas, and Petrochemical Sectors by Joseph A. Christoff Pdf
Iran has the world's third largest oil reserves and second largest gas reserves, and is the world's fourth largest producer of crude oil. Iran's priorities for the next 5 years are: (1) raise oil production and exports; (2) increase natural gas production for domestic use; and (3) expand refining capacity. Iran prohibits non-Iranian firms from obtaining an ownership interest by investing in oil and gas fields, but allows them to enter into "buy-back" arrangements in which the foreign firms may receive entitlements to oil or gas for a limited time in exchange for the funds they expend on the project. This report: (1) provides a list of foreign firms engaging in commercial activity in Iran's oil, gas, or petrochemical sectors from 2005 to 2009; and (2) provides info. about these sectors.