Book Description
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.
