Iran Stuck in Neutral: Energy Geopolitics Hinder Iran's Oil and Gas Industry's Development
Article from: OGEL 2 (2007), in Geopolitics of Energy
Iran's Current Status in International Oil and Gas
Iran is stuck. That statement can be verified by noting one stunning fact: despite having the second-largest gas reserves on the planet - more than 900 trillion cubic feet - Iran is a net gas importer. Combine that situation with that of Iran's struggling oil industry (which now produces just two-thirds the oil that it did during the mid-1970s), along with a burgeoning population with a ravenous appetite for energy of every type, and it becomes clear that the Iranian government faces a myriad of challenges, all of which are made more difficult thanks to the ongoing economic ...