Iran Oil and Gas Report Q3 2016

Date: May 18, 2016
Pages: 87
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

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 increase by around 700,000b/d by year-end. New refining capacity will eradicate net fuels imports from 2017.

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
  Table: Headline Forecasts (Iran 2014-2020)
OIl & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
  Table: New Projects Expected To Be Offered Post-Sanctions
  Table: Iran Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: New Oil Projects On Offer
  Table: Oil Production (Iran 2014-2019)
  Table: Oil Production (Iran 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: South Pars Project Phases
  Table: Gas Projects Proposed Post Sanctions
  Table: Gas Production (Iran 2014-2019)
  Table: Gas Production (Iran 2020-2025)
Latest Updates
Structural Trends
  Table: Major Iranian Refineries
  Table: Modernisation Projects
  Table: Refining Capacity and Refined Products Production (Iran 2014-2019)
  Table: Refining Capacity and Refined Products Production (Iran 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Iran 2014-2019)
  Table: Refined Products Consumption (Iran 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Iran 2014-2019)
  Table: Gas Consumption (Iran 2020-2025)
Trade - Oil
Crude Trade Forecasts
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Iran 2014-2020)
  Table: Crude Oil Net Exports (Iran 2020-2025)
Refined Fuels Trade Forecasts
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Iran 2014-2019)
  Table: Refined Fuels Net Exports (Iran 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Iran 2014-2019)
  Table: Gas Net Exports (Iran 2020-2025)
Industry Risk/Reward Index
Middle East - Oil & Gas Risk/Reward Index
  Table: Middle East Oil & Gas Risk/Reward Index
Upstream: Index Resilient In Lower Price Environment
  Table: Middle East Upstream Oil & Gas Risk/Reward Index
Downstream: Limited Opportunities
  Table: Middle East Downstream Oil & Gas Risk/Reward Index
Iran - Risk/Reward Index
Upstream Index - Rewards
Upstream Index - Risks
Iran Downstream Index - Overview
Market Overview
Iran Energy Market Overview
  Table: Key Upstream Operators - Iran Oil & Gas Sector
  Table: Key Downstream Operators - Iran Energy Sector
Fiscal Regime
Oil And Gas Infrastructure
Oil Refineries
  Table: Refineries In Iran
Service Stations
Oil Storage Facilities
Oil Terminals/Ports
Oil Pipelines
Gas Pipelines
  Table: Major Proposed Pipelines
Gas Storage Facilities
  Table: Operation, Under Construction & Planned Gas Storage
Competitive Landscape
  Table: Key Players - Iranian Oil & Gas Sector
Company Profile
Latest Updates
Company Overview
  Table: Major NIOC Subsidiaries
  Table: Fields Proposed Under The New IPC
Regional Overview
Middle East Oil & Gas Regional Overview
Oil Production: Two Tiers Emerging
Oil Consumption: Subsidy Reform Tempering Demand Growth
  Table: GASOLINE-95 PUMP PRICE JUNE 2015 & March 2016 (USD/LITRE)
Refining Capacity: Mega Refineries Outcompete In Oversupplied Market
Gas Production: In Needed Of More Gas
Gas Consumption: Switch To Gas Power Will Boost Demand
  Table: Middle East Oil & Gas Production, Refining Capacity & Trade
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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