Iran’s struggles to ramp up production… WSJ

by Jim Colburn • Friday, August 26, 2016

The Wall Street Journal does a nice job laying out problems Iran has faced in an effort to ramp up oil production:  (http://www.wsj.com/articles/iranian-oil-production-stalls-ahead-of-opec-talks-1472126493)

“Iran has faced two significant obstacles in its quest to return to pre-sanctions production levels: a lack of foreign investment and its own unwillingness to undercut rivals on pricing.”

And this:

“Homayoun Falakshahi, an oil-industry analyst at consultancy Wood Mackenzie, said that oil production initially ramped up faster than expected because pressure was high in wells that had been shut for years. But Iran will struggle to pump more because the fields have high depletion rates and now need significant investment at a time when Iran remains cash-strapped, said Mr. Falakshahi, who visited key oil-producing facilities in Iran this spring.”

 

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