The sinking of an offshore platform at Iran’s South Pars gas field shows the squeeze of...
The sinking of an offshore platform at Iran’s South Pars gas field shows the squeeze of sanctions on the country’s energy extraction industry. Development of South Pars, estimated to hold ~14T cu. ft. of natural gas, has been hampered by the withdrawal of Western companies. Iran’s crude exports have been cut nearly in half, but a December bounce sent exports to their highest level in six months.
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