The six world powers - China, France, Russia, the United States, the United Kingdom and Germany - are continuing efforts to persuade a reluctant Iran to scale back its nuclear program with hopes the long-time standoff can be settled. Should the dispute be resolved, it will have significant geopolitical implications and create exciting dynamics in the oil and gas markets. But even under an optimistic scenario, it will take some time before the Iranians are able unlock their massive resource potential and deliver to international markets. Iran's current oil and gas production does not reflect the country's potential. A combination of international sanctions and prohibitive contractual terms has hindered the investment needed to boost the country's energy production.
展开▼
