The billion-dollar gold rush to tap into Iranian oil


**The chase is on for some of the most prized oil and gas assets in the world, following the lifting of sanctions on Iran earlier this year. The historic deal paved the way for the country to rebuild its lost production capacity and fight for market share.

If all goes as planned, Tehran’s oil officials will attract roughly $200 billion in new oil and gas investment, but the path to that target is fraught with obstacles.**

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Excellent find!

As Iran boosts production, then the price of oil will decline.

A lower oil price is good for America; not good for Russia or Saudi Arabia. Not good for other oil producing countries … Libya, and along the Mediterranean.

Iran supposedly is going to improve their refinery capacity; important to reduce problems with supply of jet fuel, diesel, etc.


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