BMI View: Further sanctions and continued cutbacks by key Iranian customers reinforce the negativeoutlook for Iran''s oil sector. With limited prospects for a positive resolution of sanctions in the near term,we highlight both the short- and possible long-term downside risks confronting the Iranian oil sector asinternational isolation continues. Indeed, gas export schemes and refinery expansion projects will makelittle progress as international oil company (IOC) partners heed the investment embargo. Meanwhile, Iranis claiming a succession of major oil and gas discoveries that, if proven, demonstrate considerable upsidepotential to its existing resource base.We hi...
No comments:
Post a Comment