Market Report, "Iran Oil & Gas Report Q1 2013", Published
BMI View: International sanctions remain in place, resulting in a sustained fall in oil export volumes and revenues. Due to significant obstacles for financing, due to both falling export revenues and sanctionsrelated challenges, investment the energy sector will remain strained. Indeed, gas export schemes and refinery expansion projects will make little progress as international oil company (IOC) partners heed the investment embargo, As such, the overall outlook will remain negative unless there is a breakthrough in Iran's negotiations with the...
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