ID | 105750 |
Title Proper | Analysis of Iran's crude oil export future capacity |
Language | ENG |
Author | Azadi, A Kamran ; Yarmohammad, Mohammad H |
Publication | 2011. |
Summary / Abstract (Note) | The paper analyzes Iran's oil export capacity and the factors affecting it. First, the local energy demand is reviewed and crude oil, with 5.7% annual growth rate, is introduced as a major source to respond to the increasing domestic energy demand. Then, the national plans for controlling the local demand and replacing oil with other types of energy carriers are reviewed to create a view over the future of local demand for crude oil in Iran. In the next step, crude oil production and exploration situation in Iran are investigated and the required increase in production to maintain the present level of export is calculated. By estimating the average capital expenditures for adding each barrel of new capacity to Iran's daily oil production, the necessary annual investment to compensate the production drop and domestic consumption growth for maintaining the export is introduced. Then, the future of oil export in Iran is predicted in three optimistic, reference, and pessimistic scenarios on the basis of the country's ability in managing the financial resources in upstream oil industry. Finally, domestic and foreign investment and the history of buyback contracts and their undeniable role in development of Iranian oil and gas projects are discussed. |
`In' analytical Note | Energy Policy Vol. 39, No. 6; Jun 2011: p3316-3326 |
Journal Source | Energy Policy Vol. 39, No. 6; Jun 2011: p3316-3326 |
Key Words | Iranian - Oil Industry ; Gas Industry ; Crude Oil Export ; Buyback Contract ; Iran |