Almost the entire southern border of Iran is populated by oil and gas fields, many of which are jointly operated with United States allies
Oil prices fell abruptly Monday after Iran’s strike of retaining In an Air Base of the United States in Qatar he did not leave victims, leading some investors to believe that a decay in the conflict was imminent. The immersion of prices followed a significant increase in Iran’s exports after Israel began its almost two -week attack, which saw Iran exporting a 44% increase compared to the current average.
Attacks between the United States and Iran This week it increased the bets on Iran’s oil production and exports, as its most substantial joint oil fields are shared with strategic partners in America. The neighboring countries of Saudi Arabia, Qatar and Iraq have allowed Iran to increase their oil and gas production with the help of western companies.
Despite a post on social media for Donald Trump On Monday, which announced a cessation of fire between the United States, Israel and Iran, how obediently the three countries will respond to calls a peaceful de -escalation It is not yet to be seen. In the meantime, throughout Iran, oil and gas fields continue to operate at an increasingly ambitious rate together by the Iran and North allies.
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The 28 joint fields, which occupy almost the entire northern coast of the Persian Gulf, represent 30% of Iran’s gas reserves and 20% of their extreable oil, according to their Iran International. Although he maintains the largest gas reserves in the world and the fourth oil reserve, Iran has constantly fallen into his production compared to his neighboring countries.
The largest oil fields in Iran are used next to Iraq, which currently allows the United States to use its military bases in exchange for hundreds of millions of military training and help, among other collaborations. Iraq extracts four times more oil than Iran of these fields and has signed contracts with companies from China, Russia and the West to increase their efforts.
Iran’s largest gas fields are shared in conjunction with Qatar, another U.S. Qatar ally began to extract gas a decade before Iran at the South Pars (North Dome) field and has doubled the gas.
Saudi Arabia, formal relations with the United States were formalized in 1951, also shares oil and gas fields with Iran. In the field of Forouzan, Saudi Arabia produces approximately 14 times the amount of oil that Iran.
The decrease in foreign investment and a weak private sector have led to the Iran’s Oil Ministry based on only a share of 14.5% of oil revenue for investments. Annual investment in oil and gas projects in the country have dropped from $ 18 billion in the 1990’s to only $ 3 billion since 2017. United States and other countries sanctions are also blame for reducing oil revenue from oil export, reports Iran International.
This week, as the conflict between Iran and Israel became more destructive, experts say that Iran took the time to quickly increase their exports.
“It seems very clear what they do,” Samir Madani, co -founder of the tankertrecorers.com oil trade monitoring firm, told Bloomberg. “They try to get so many barrels they can, but safely as their number one priority.”
The result is a shuffle of political and financial alliances that continue to increase oil production and export efforts, while, simultaneously, the United States and Iran launch tactical attacks on the other’s military facilities.