June 7, 2018
Sanctions or Self-Sabotage? The Story of Iran’s Oil Industry
By Ellen Wald
However, in the nearly two and half years between the end of international sanctions and President Trump’s May 2018 decision to reinstate US sanctions, Iran accomplished very little in terms of revitalizing its oil industry. In the early months that followed the lifting of sanctions, Iran’s oil industry appeared to make a strong return to the global market. Although Iran’s initial production and export numbers seemed to paint a picture of a vigorous and recovering oil industry, the facts behind the numbers tell a different story.
Check out the entire piece over at EnergySource.