Iran Delusional About Oil Potential

After 37 miserable years of the so-called Islamic Republic (IR) and more than $1.6 trillion of oil income, Iran’s oil and gas infrastructure has become ineffective and is suffering from poor management and chronic corruption. As a result, the well-respected healthy national oil company, with a 6.3 million b/d crude production prior to the revolution, plunged to a near bankrupt industry with at best a little above 3 million b/d production. Massive Deterioration Of The Iranian Oil Industry Iranian output has reached a plateau for some time…


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