Iran's Booming Oil Industry

Major oil and gas exhibition in Tehran

Al Jazeera: Iran has some of the world's largest reserves of oil and natural gas, but for years the country's energy industry has suffered from tough sanctions imposed over its nuclear programme, hindering access to foreign investment. But at a recent major oil and gas exhibition in Tehran, the presence of big international players, including Chinese companies seeking to capitalise on billions of dollars worth of contracts, showed that the market was alive and well. Al Jazeera's Alireza Ronaghi reports from Tehran.

28-Apr-2010
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MRX1

Den of thief's

by MRX1 on

You can't expect a thief that robs from your house every day to actualy bring some thing to you and/or produce anything and give it to you. 

These guys know what they are doing: draining Iranian resources on behalf of their masters, sending the revenew Bank to banks in dubai, canada, Europe, US you name it and when/if everything falls apart they will be on the next plane out of there leaving sixty, seventy million people poor with tons of money owed to international institutions. Then the post IRR regime has to borrow billions upon billions more just to fix the problems  that these guys left behind and thus continowing the cycle of debt and poverty, but according to IRI lackey's on this site, it's all part of the economic independence!!!


Sohrab_Ferdows

Thank you sir!

by Sohrab_Ferdows on

for the friendly suggestion. I apologize for typo which I corrected after your remark without trying to justify. Hopefully that did not compromise the point.

Regards


obama

It is Fuel, not Feul. Just a friendly suggestion. Damn China

by obama on

taking advantage of US wars spreading her interests all over the world! Cheapest and shrewdest, on earth is becoming the new imperialst! They should never be trusted! China out of Iran!


vildemose

Petro-Islam

by vildemose on

Iran actually is short of oil - Opinion - International Herald Tribune 

 

Just read this devestating report from a few years ago.

...For the mullahs, the short-run political return on investment in oil production is zero. They are reluctant to wait the 4 to 6 years it takes for a drilling investment to yield revenue. So rather than reinvest to refresh production, the Islamic Republic starves its petroleum sector, diverting oil profits to a vast, inefficient welfare state....

For a world rattled by President Mahmoud Ahmadinejad's bellicosity, Iran's petroleum problems sound like good news. The UN Security Council's newfound willingness to confront Iran over weapons development also seems a welcome sign.
Yet the economic damage Iran inflicts on itself is far worse than anything the meaningless UN sanctions could accomplish. Sanctions might actually worsen the position of Iran's adversaries if Tehran were to succeed in portraying them as the cause of its economic woes.
The mullahs are doing a good job of destroying Iran's economy. They should be left alone to complete their work.


Attacking Iran would allow the regime to escape responsibility for the economic disaster it created. Worse, an attack could unite Iran behind the clerical terror-sponsors whose grasp on power may be slipping. For these reasons, the best policy towards Iran may be to do nothing at all.

//www.nytimes.com/2007/01/08/opinion/08iht-edstern.4136795.html?_r=1


vildemose

Petro-Islam

by vildemose on

Iran actually is short of oil - Opinion - International Herald Tribune 

 

Just read this devestating report from a few years ago.

...For the mullahs, the short-run political return on investment in oil production is zero. They are reluctant to wait the 4 to 6 years it takes for a drilling investment to yield revenue. So rather than reinvest to refresh production, the Islamic Republic starves its petroleum sector, diverting oil profits to a vast, inefficient welfare state....

For a world rattled by President Mahmoud Ahmadinejad's bellicosity, Iran's petroleum problems sound like good news. The UN Security Council's newfound willingness to confront Iran over weapons development also seems a welcome sign.
Yet the economic damage Iran inflicts on itself is far worse than anything the meaningless UN sanctions could accomplish. Sanctions might actually worsen the position of Iran's adversaries if Tehran were to succeed in portraying them as the cause of its economic woes.
The mullahs are doing a good job of destroying Iran's economy. They should be left alone to complete their work.


Attacking Iran would allow the regime to escape responsibility for the economic disaster it created. Worse, an attack could unite Iran behind the clerical terror-sponsors whose grasp on power may be slipping. For these reasons, the best policy towards Iran may be to do nothing at all.

//www.nytimes.com/2007/01/08/opinion/08iht-edstern.4136795.html?_r=1


Sohrab_Ferdows

Only for mullahs

by Sohrab_Ferdows on

If you look from the view point of national interests then Iranian oil industry is not booming, it is declining! Iranian government has made close to one trillion dollars from selling oil to foreign countries but has never made any serious effort to expand the capacities of Iranian oil industry as far as production and refining through proper investments. Any deal with foreign companies is just to profit a middle man which is usually from high ranking mullahs or their relatives and their ruthless supporting militia men and watchdogs in Islamic Revolutionary Guard. Many of Iranian oil wells have been rendered useless after overuse without proper maintenance so that in some cases the wells should be left alone for decades before it becomes possible to use them again. This has happened due to complete breakage of oil layer which is usually sitting on top of salt water in underground oil reserves. That's why Islamic government needs to drill more and more holes everywhere to keep the production level while nothing of its revenue benefits Iranian people. During last 31 years, A few major units have started their production in the field of oil, gas and petrochemicals but they were all from projects which had been planned and their implementation and start up had been postponed or disrupted due to Islamic Revolution in 1979.

Islamic government of Iran is importing about 40% of the fuel that it needs from Dubai, Kuwait and S.Arabia while sitting on one of largest oil reserves of the world and the second largest gas reserve of the world. We had all the skills and technology to construct and run our oil industry long before Iran was overrun by Islamic Revolution makers who are now taking their lootings out of the country in truck loads. All Iranian skilled and non-skilled workers are pushed out of work and down under poverty line by destructive policies of a government which does not care the least for the interests of nation and is there just to loot the nation for their masters in oil companies and their own pockets. They rather buy the fuel and pay their own middlemen than building the oil refinery which creates jobs and improves general condition of economy. Many small and large industrial units have been forced to close and their workers lost their jobs and source of income during the last 30 years because Islamic government allowed the import of all kinds of products which destroyed internal production just to fill the pockets of a few middlemen from the elements within the Islamic system and their relatives. Iranian economy which was ahead of many nations in Asia in 1978, is now trailing all (with a large margine) except a few like Syria and Palestine! Even Turkey with no important natural resources (and all political problems) is ahead of Iran! Oil business maybe booming but only for mullahs and their relatives and servants which means more misery for Iranian people.