crystol-title-company-overview
crystol-title-tailored-advice
crystol-title-animation2
crystol-title-news-main
crystol-title-tailored-advice2
crystol-title-case-studies-main

Iran’s attempts to surpass US sanctions on oil exports

In this interview with Saada El Sabri from Monte Carlo Doualiya, Dr Carole Nakhle, CEO of Crystol Energy, discussed Iran’s new oil export terminal outside the Strait of Hormuz.

Dr Nakhle argued that the investment decision to construct an oil export terminal in the Gulf of Oman has been planned for several years, with the main driver being to reduce its reliance on the Hormuz Strait and thereby improving the security of its oil trade and giving Iran a greater strategic gain.

With respect to the impact of tensions in the Strait of Hormuz on oil markets, Dr Nakhle explained that the dynamics of oil markets have changed following the shale revolution in a way that reduced the geopolitical risk premium. In the age of plentiful supplies, escalations and tensions in Strait of Hormuz have had lesser effect as we saw in 2019 following several attacks on oil tankers in the Strait – back then, the oil market barely took notice.

Although Iran can ramp up its production and exports rather quickly to pre-sanctions level, should a deal on its nuclear programme is reached with the US, further production capacity increases will continue to be curtailed by the lack of investment as the experience between post JCPOA deal in 2016 illustrates.

Related Comments

OPEC+ welcomes Iran’s return to oil market under its oversight“, Dr Carole Nakhle, Jul 2021

Iran’s return to global oil markets“, Dr Carole Nakhle, Jun 2021

Share this:

Share on email
Share on facebook
Share on twitter
Share on linkedin
Share on print

Recent Posts

Categories