Iran Oil & Gas Report

Providing expert analysis, independent forecasts and competitive intelligence on the oil and gas industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Oil & Gas Risk Reward Index, Market Summary, Economic Forecasts, Company Profiles, Competitive Landscape and Global and Regional Overview.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
×

Sign up to download the Iran Oil & Gas Report

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.

Iran Oil & Gas Report
Product Price
$1,295.00

BMI View: Gas production and consumption will see a substantial ramp-up in 2016 due to new phases of South Pars increasing gas availability. The lifting of sanctions in January 2016 will allow for oil production to increa se by around 7 00,000b/d by year- end. New refining capacity will eradicate net fuels imports from 2017.

Headline Forecasts (Iran 2014-2020)
2014 2015e 2016f 2017f 2018f 2019f 2020f
e/f = BMI estimate/forecast. Source: BMI, EIA, OPEC, JODI
Crude, NGPL & other liquids prod, 000b/d 3,379.7 3,297.7 3,744.9 3,963.6 3,985.8 4,004.2 4,018.9
Refined products production, 000b/d 1,668.0 1,676.0 1,706.6 1,866.5 1,940.7 1,979.5 1,999.3
Refined products consumption & ethanol, 000b/d 1,583.9 1,544.4 1,554.1 1,610.2 1,674.3 1,721.2 1,757.4
Dry natural gas production, bcm 174.0 192.8 219.9 222.1 223.2 224.3 225.5
Dry natural gas consumption, bcm 171.0 184.7 206.8 211.0 212.0 214.2 216.3
Brent, USD/bbl 99.50 53.60 40.00 53.00 62.00 65.00 71.00

We highlight the following trends and developments in Iran's oil and gas sector:

  • The government has reportedly approved a version of the Iranian Petroleum Contract, though it must still be processed by a commission - the final draft of the IPC is expected in June or July.

  • According to our estimates compile from import agencies, Iranian crude exports reached 1.7mn b/d in March.

  • In our view Iran will be able to increase oil production to up to 700,000b/d, adding an average of 445,000b/d over 2016.

  • Phases 17 and 18 of South Pars are due to be inaugurated in late May 2016, adding another 18bcm of gas production capacity.

  • Phases 17 and 18 of South Pars will also add 80,000b/d of condensate production.

  • The Persian Gulf Star refinery was reportedly 86% complete in January 2016, and the first phase of 120,000b/d is due to be completed by the end of the year.

  • Upgrades at the Pars Shiraz, Tabriz, Bandar Abbas and Lavan refineries are being discussed.

  • Iran remains an importer of gasoline and exporter of diesel.

  • Progress on the Iran-Oman gas pipeline could lead to a front-end engineering design contract in H216; KOGAS has been linked with its construction.

BMI Industry View
7
Table: Headline Forecasts (Iran 2014-2020)
7
SWOT
8
OIl & Gas SWOT
8
Industry Forecast
10
Upstream Exploration
10
Latest Updates
10
Structural Trends
11
Upstream Projects
13
Table: New Projects Expected To Be Offered Post-Sanctions
13
Table: Iran Major Upstream Projects
14
Upstream Production - Oil
18
Latest Updates
18
Structural Trends
18
Table: New Oil Projects On Offer
22
Table: Oil Production (Iran 2014-2019)
23
Table: Oil Production (Iran 2020-2025)
23
Upstream Production - Gas
24
Latest Updates
24
Structural Trends
24
Table: South Pars Project Phases
26
Table: Gas Projects Proposed Post Sanctions
26
Table: Gas Production (Iran 2014-2019)
27
Table: Gas Production (Iran 2020-2025)
28
Refining
29
Latest Updates
29
Structural Trends
29
Table: Major Iranian Refineries
30
Table: Modernisation Projects
33
Table: Refining Capacity and Refined Products Production (Iran 2014-2019)
33
Table: Refining Capacity and Refined Products Production (Iran 2020-2025)
33
Refined Fuels Consumption
34
Latest Updates
34
Structural Trends
34
Table: Refined Products Consumption* (Iran 2014-2019)
37
Table: Refined Products Consumption (Iran 2020-2025)
37
Gas Consumption
37
Latest Updates
37
Structural Trends
37
Table: Gas Consumption (Iran 2014-2019)
39
Table: Gas Consumption (Iran 2020-2025)
39
Trade - Oil
40
Crude Trade Forecasts
40
Latest Updates
40
Structural Trends
40
Table: Crude Oil Net Exports (Iran 2014-2020)
42
Table: Crude Oil Net Exports (Iran 2020-2025)
42
Refined Fuels Trade Forecasts
42
Latest Updates
42
Structural Trends
42
Table: Refined Fuels Net Exports (Iran 2014-2019)
44
Table: Refined Fuels Net Exports (Iran 2020-2025)
44
Trade - Gas (Pipeline And LNG)
44
Latest Updates
44
Structural Trends
44
Table: Gas Net Exports (Iran 2014-2019)
47
Table: Gas Net Exports (Iran 2020-2025)
48
Industry Risk/Reward Index
49
Middle East - Oil & Gas Risk/Reward Index
49
Table: Middle East Oil & Gas Risk/Reward Index
49
Upstream: Index Resilient In Lower Price Environment
50
Table: Middle East Upstream Oil & Gas Risk/Reward Index
50
Downstream: Limited Opportunities
52
Table: Middle East Downstream Oil & Gas Risk/Reward Index
52
Iran - Risk/Reward Index
55
Upstream Index - Rewards
55
Upstream Index - Risks
55
Iran Downstream Index - Overview
55
Market Overview
57
Iran Energy Market Overview
57
Overview
57
Table: Key Upstream Operators - Iran Oil & Gas Sector
57
Table: Key Downstream Operators - Iran Energy Sector
57
Fiscal Regime
58
Oil And Gas Infrastructure
60
Oil Refineries
60
Table: Refineries In Iran
60
Service Stations
61
Oil Storage Facilities
61
Oil Terminals/Ports
61
Oil Pipelines
62
Gas Pipelines
62
Table: Major Proposed Pipelines
63
Gas Storage Facilities
63
Table: Operation, Under Construction & Planned Gas Storage
63
Competitive Landscape
64
Table: Key Players - Iranian Oil & Gas Sector
66
Company Profile
67
NIOC
67
Latest Updates
67
Company Overview
68
Table: Major NIOC Subsidiaries
68
Table: Fields Proposed Under The New IPC
69
Regional Overview
71
Middle East Oil & Gas Regional Overview
71
Oil Production: Two Tiers Emerging
71
Oil Consumption: Subsidy Reform Tempering Demand Growth
73
Table: GASOLINE-95 PUMP PRICE JUNE 2015 & March 2016 (USD/LITRE)
73
Refining Capacity: Mega Refineries Outcompete In Oversupplied Market
75
Gas Production: In Needed Of More Gas
76
Gas Consumption: Switch To Gas Power Will Boost Demand
78
Table: Middle East Oil & Gas Production, Refining Capacity & Trade
79
Glossary
80
Table: Glossary Of Terms
80
Methodology
82
Industry Forecast Methodology
82
Source
84
Risk/Reward Index Methodology
84
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
86
Table: Weighting
87

The Iran Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Iran including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Iran Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Iranian oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Iran to test consensus views - a key input for successful budgeting and strategic business planning in the Iranian oil and gas market.
  • Target business opportunities and risks in the Iranian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Iran.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast:

  • Pricing: Oil price (USD/bbl, WTI, Brent, OPEC basket, Urals); oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene – USD/bbl) at global hubs.
  • Production, Consumption, Capacity & Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (‘000b/d); proven gas reserves (tcm), production and consumption (bcm) and fuels trade.
  • Imports & Exports: Crude oil exports/imports (‘000s b/d) and value of crude oil trade in USD. Fuels exports/imports (‘000s b/d) and value of fuels trade in USD. Natural gas imports/exports (bcm), by pipeline and/or LNG, and value of natural gas trade.

BMI’s Oil & Gas Risk Reward Index

BMI’s Risk Reward Indices provide investors (independents, NOCs, IOCs, oil services companies) looking for opportunities in the region with a clear country-comparative assessment of the upstream and downstream market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

A profile of the upstream and downstream sectors, including analysis of reserves, output, consumption and trade of energy products; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Competitive landscape

Comparative company analyses by USD sales, % share of total sales, number of employees, year established, ownership structure, oil production (‘000b/d), gas production (bcm), downstream capacity (‘000b/d) and % market share.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Regional Overview

Regional perspective on size and value of the industry. Plus comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Global Oil Market & Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2024 for oil, gas and oil products.

Sources

The Oil & gas Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.