Projection of the increase in Iranian oil production with the lifting of sanctions:
http://www.eia.gov/todayinenergy/detail.cfm?id=24592
Quote:
Iran's crude oil production has been relatively flat over the past three years while sanctions were in place, averaging 2.8 million barrels per day (b/d) in 2015 ...
Iran's annual average crude oil production is forecast at 3.1 million b/d in 2016 (10% of projected total OPEC production), and almost 3.6 million b/d in 2017. ... Most of Iran's forecast production growth comes from Iran's preexisting crude oil production capacity that is currently shut in, while the remainder comes from newly developed fields. ...
The pace that Iran will ramp up its exports now that sanctions are lifted is uncertain. Iran has a considerable amount of oil stored offshore in tankers (between 30 and 50 million barrels), most of which is condensate, and crude oil stored at onshore facilities. Initial post-sanction increases in Iranian exports will most likely come from storage, while meaningful production increases will occur after some of the storage is cleared.
|