Tuesday, December 20, 2016

Fossil-fuel industry bullish on Iran - still think #ParisAgreement is real?

Bloomberg: "“Oil production west of Karoun must reach one million barrels per day,” President Hassan Rouhani said last month, referring to three fields west of the Karoun River near Iran’s border with Iraq. “This is a realistic goal, and we need investment and technology.”

... Iran also has the world’s biggest natural gas reserves, and in November it clinched a $4.8 billion gas development project with energy giants Total SA and China National Petroleum Corp. The country aims next year to bring companies such as Total, Royal Dutch Shell Plc and Russia’s Lukoil PJSC and Gazprom Neft PJSC back to its oil fields."