Iran Starts Building Gas Pipeline to Syria

[Surenas]

I came across this:

In 2010, Iran, which exports around 2.6 million barrels of crude oil a day, was the second-largest exporter among the Organization of Petroleum Exporting Countries. Several major emerging economies depend on Iranian oil: 10% of South Korea’s oil imports come from Iran, 9% of India’s and 6% of Chinese. Moreover, Iranian oil makes up 7% of Japan’s and 30% of all Greek oil imports.[10] Iran is also a major oil supplier to Spain and Italy. In the same year, officials in Iran estimate that Iran's annual oil and gas revenues could reach $250 billion by 2015 once the current projects come on stream.

Petroleum industry in Iran - Wikipedia, the free encyclopedia

And now imagine the sanctions being gone!

 

[Surenas]

Iran Has the Potential to double its Oil Output if Sanctions are lifted

Iran is currently producing about 3.4 million barrels of oil a day, but experts point out that it has the potential to produce about 6 to 7 million barrels if sanctions are lifted and foreign capital and knowledge flows into the country.

New York, May 23 (SharewellNewswire.com) - Experts point out that Iran has the potential to double its already sizable oil output if foreign investment flows into its oil industry, if sanctions are lifted. However, at present Iran is grappling with the West over its nuclear ambitions. It is producing about 3.4 million barrels of oil a day, making it the sixth largest oil producer in the world.

Sanctions were imposed after the country refused to grant full access to its nuclear facilities to international inspectors. Iran, being a signatory to the Nuclear Non-Proliferation Treaty, has been maintaining that its nuclear program is only meant for peaceful purposes but the West suspects that Iran is planning to produce a bomb.

Experts say that if sanctions are lifted, foreign capital and knowledge will flow into Iran and the country will be able to increase its oil production to 6 or 7 million barrels a day. These views are based on information regarding new discoveries of oil reserves near Iran’s existing oil fields on the western side of the country, close to the Iraq border.

Iran has 137 billion barrels of oil reserves, which means that it has the fourth largest supply of proven oil reserves in the world, which is more than what Russia has and yet Russia’s production is around 10 million barrels a day, nearly three times that of Iran’s production.

 

[Surenas]

In the absence of genuine democratic institutions, a set of common economic grievances is galvanizing the Arab Street against a diverse host of unaccountable regimes across the Arab world. However, deep and structural economic problems also characterize much of the Middle East, including non-Arab Iran. Recognizing the depth and gravity of the country’s economic challenges, Iran’s supreme leader Ayatollah Khamanei has declared 2011 as the year of “economic jihad.”A more careful analysis of Iran’s economy reveals a mixed legacy of both crucial developmental gains and persistent macro-economic challenges. Given Iran’s vast hydrocarbon reserves, among the world’s biggest, and its burgeoning industrial-technological complex, one of the largest among emerging economies, the country still represents a potential economic powerhouse in Asia. But Iran has suffered from successive rounds of international sanctions that have prevented the country from fully exploiting its tremendous economic potential. The region’s general insecurity is also affecting prospects for large-scale investment in the country.

Developmental Gains

The mainstream media and analysts have largely overlooked Iran’s socio-economic development. One of the most impressive aspects of post-revolutionary Iran is the striking improvement in education, health, rural development, and industrial expansion. Despite having a significantly lower per-capita income compared to its globally integrated and wealthy neighbors, Iran is among regional leaders in key social indicators.

According to the World Bank, “The country’s social indicators are fairly high by regional standards…. the poverty headcount rate was more than halved between 1998 and 2005, to 3.1 percent… Iran’s health outcomes have also improved greatly over the past twenty years, standing currently above regional averages.” In addition, “Iran has a large social protection system with some 28 social insurance, social assistance, and disaster relief programs benefiting large segments of the population.” Iran has one of the fastest rates of growth in the human development index (HDI), and it now ranks among high HDI countries like Lithuania, Malaysia, and Chile.

Prominent economist Jeffrey Sachs in his book Common Wealth identifies Iran as one of the world’s most successful countries in terms of population-management and adult literacy programs. Based on the World Bank’s report, “Iran’s family planning program in the past two decades has been considered international best practice: Iran managed to decrease the fertility rate from 4.8 to 1.8 births/woman during 1990-2008.”

Rural development, eliminating extreme poverty, improving literacy rates, and bridging the urban-rural economic gap were all at the core of Iran’s revolutionary philosophy, which emphasized social equity and empowerment of the downtrodden. This explains why the regime continues to enjoy immense popularity in rural and less-developed areas.

Iran has also made great educational, technological, and industrial advancements. Iran is among the top 45 countries in terms of quality of math and science education, and its universities are considered among the best in many fields. Iran is the world leader in growth in scientific output, is among the top 20 countries in total volume of scientific output, and is a leader in cutting-edge industries like stem-cell research and nanotechnology. It is also one of the few countries to send a satellite into space.

Iran’s relatively closed economy allowed it to protect its industrial base against foreign competition. Today, Iran manufactures most of its industrial and consumer needs, its car industry is among the world’s top 10, and its steel industry is in the top 20 countries in the world. Moreover, Iran’s annual rate of industrial growth is one of the highest among emerging markets. According to Goldman Sachs, Iran’s GDP is projected to become the 12th largest in the world by 2025.

Dissecting Iran's Economic Jihad - Analysis Eurasia Review

 

[root]

Hey man, you should change your flag - You gonna piss some Iranians for your anti-regime views and they will start badmouthing Pakistan Lol.

 

[Surenas]

Hey man, you should change your flag - You gonna piss some Iranians for your anti-regime views and they will start badmouthing Pakistan Lol.

Who gives a duck?

 

[Abii]

Hey man, you should change your flag - You gonna piss some Iranians for your anti-regime views and they will start badmouthing Pakistan Lol.

People who support the Iranian regime don't deserve any attention so who cares. Let them jump up and down like apes. The Iranian regime is a rotten entity.

I came across this:



Petroleum industry in Iran - Wikipedia, the free encyclopedia

And now imagine the sanctions being gone!

They won't manage this.

Last time I checked all the gas projects were behind schedule. They don't have the cash and in some cases the expertise to develop the fields. Meanwhile Qatar is laughing its behind off all the way to the bank taking advantage of the situation.