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Hurdles to cross before Iran delivers on its O&M promise

Among them is its hopes of FDI amounting to US$100b to fund US$130b of projects in next 3-5 years

Iran's offshore oil and gas sector has developed self-sufficiency through the years of sanctions; its crude production, which analysts estimate will cost at most US$15 per barrel, would remain viable under current oil prices.


IRAN will give the beleaguered offshore & marine sector a much needed boost, if the country's US$130 billion upstream oil and gas investment plan materialises, even though there are hurdles yet to be crossed for foreign players looking to tap the potential of a resurgent oil...