Iranian Oil Minister Bijan Zanganeh recently argued that Iran’s oil production could escalate despite the sanctions in force. Additionally, a few months ago, Tehran announced that further increased oil extraction is to occur should sanctions be eased. Iran’s role as an important oil producer in the OPEC as well as worldwide, is indeed very relevant: the Islamic Republic of Iran holds more than 12 percent of OPEC’s oil reserves, thereby standing behind Venezuela and Saudi Arabia; and circa 9 percent of the world’s total proven oil reserves.

The Iran Oil & Gas 2014 Summit, taking place on 23rd-25th June in Dubai, will provide exclusive insights on the key questions characterising the country’s energy industry and its possible future developments.

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