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Infographic: Iran's oil industry eyes end to sanctions

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Infographic: Iran's oil industry eyes end to sanctions

  • Author
  • Eklavya Gupte    Herman Wang    Claudia Carpenter    Aresu Eqbali
  • Commodity
  • Oil
  • Topic
  • Infographics US-Iran tensions

A flurry of talks involving the US, Iran and European nations could revive the nuclear deal and lift sanctions that had more than halved Iranian oil production, though significant obstacles remain.

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Iran pumped as much as 4.8 million b/d of crude and condensate before the sanctions were reimposed in 2018, and S&P Global Platts Analytics expects an agreement could bring full sanctions relief by Q4 2021, which could see volumes ramp up 850,000 b/d by December to 3.55 million b/d, with further gains in 2022.

Read more about it: Sanctions relief for Iran would pressure rival heavy crude, condensate producers

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Infographic: Iran's oil industry eyes end to sanctions