Now for Iran to get busy
Rouhani's victory in the presidential elections was good news for Iran's energy sector, but major oil and gas expansion still faces delays
At the end of April, President Hassan Rouhani inaugurated the Persian Gulf Star refinery in the southern port city of Bandar Abbas. Part of his campaign for re-election, the overdue completion of this important facility showed the inescapable link between Iran's oil and prosperity. His convincing electoral win, overcoming a potential Achilles' heel on the economy, keeps the hopes of the oil sector alive. Rouhani, the incumbent, strikingly fought an outsider's campaign, changing tack late on to criticise his main opponent, hardline cleric Ebrahim Raisi. Rouhani won Tehran strongly, along with the ethnic and religious-minority dominated provinces, and secured a solid victory in Khuzestan, the
Also in this section
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030