Oil Market Outlook in Iran, 2010

Report Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Iran. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Iran. The report compares the investment environment in Iran with other countries in the region. The profiles of the major companies operating in the crude oil sector in Iran together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
• Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Iran for the period 2000-2013.
• Operator and equity details for major crude oil assets in Iran.
• Key information relating to market regulations, key energy assets and the key companies operating in the Iran’s energy industry.
• Information on the top companies in the Iran including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of the country’s energy market.
• Facilitate market analysis and forecasting of future industry trends.
• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
• Assess your competitor’s major crude oil assets and their performance.
• Analyze the latest news and financial deals in the oil sector of each country.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies in the country.

Table Of Contents

1 Table Of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10

2 Iran (Islamic Republic of Iran) Energy Sector 11
2.1 Iran (Islamic Republic of Iran) Energy sector, Market Overview 11
2.2 Iran (Islamic Republic of Iran) Energy sector, Crude Oil 12
2.2.1 Iran (Islamic Republic of Iran) Crude Oil, Overview 12
2.2.2 Iran (Islamic Republic of Iran) Crude Oil, Supply and Demand Balance 12
2.2.3 Iran (Islamic Republic of Iran) Crude Oil, Regulatory Structure 18
2.2.4 Iran (Islamic Republic of Iran) Crude Oil, Infrastructure 18

3 Iran (Islamic Republic of Iran) Oil Upstream Investment Environment Benchmarking 20
3.1 Introduction 20
3.2 The Overall Ranking 20
3.3 Upstream Fiscal Attractiveness 20
3.4 Oil Sector Performance 22
3.4.1 Exploration Activity 24
3.4.2 Oil Production 25
3.4.3 Oil Reserves 25
3.4.4 Oil Consumption 25
3.4.5 Refining Industry 26
3.5 Economic Performance 26
3.5.1 GDP Growth Index 28
3.5.2 FDI Confidence Index 28
3.5.3 Balance of Trade Index 28
3.6 Socio-Political Performance 28
3.6.1 Democracy Index 30
3.6.2 Governance Index 30

4 Iran (Islamic Republic of Iran) Exploration and Production Sector 31
4.1 Iran (Islamic Republic of Iran) Exploration and Production Sector, Country Snapshot 31
4.1.1 Iran (Islamic Republic of Iran) Exploration and Production Sector, Key Data 31
4.1.2 Iran (Islamic Republic of Iran) Exploration and Production Sector, Crude Oil Assets Map 31
4.2 Iran (Islamic Republic of Iran) Exploration and Production Sector, Gross Crude Oil Production 32
4.2.1 Iran (Islamic Republic of Iran) Exploration and Production Sector, Gross Crude Oil-Historical Production 32
4.2.2 Iran (Islamic Republic of Iran) Exploration and Production Sector, Gross Crude Oil Production by Type 33
4.2.3 Iran (Islamic Republic of Iran) Exploration and Production Sector, Gross Crude Oil Production by Assets 34
4.2.4 Iran (Islamic Republic of Iran) Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 35
4.2.5 Iran (Islamic Republic of Iran) Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 36
4.3 Iran (Islamic Republic of Iran) Exploration and Production Sector, Gross Crude Oil Forecasts 38
4.3.1 Iran (Islamic Republic of Iran) Exploration and Production Sector, Gross Crude Oil Forecasted Production 38
4.4 Iran (Islamic Republic of Iran) Exploration and Production Sector, Crude Oil Asset Details 39
4.4.1 Iran (Islamic Republic of Iran) Exploration and Production Sector, Active Crude Oil Asset Details 39
4.4.2 Iran (Islamic Republic of Iran) Exploration and Production Sector, Planned Crude Oil Asset Details 40
4.5 Iran (Islamic Republic of Iran) Exploration and Production Sector, Major Oil Discoveries 41
4.5.1 Iran (Islamic Republic of Iran) Exploration and Production Sector, Number of Oil Discoveries, 2004- 2009 41
4.5.2 Iran (Islamic Republic of Iran) Exploration and Production Sector, Oil Discovery Details 42
4.6 Iran (Islamic Republic of Iran) Exploration and Production Sector, Recent Discoveries 42
4.6.1 Jul 05, 2010: Iran Discovers 28 Tcf Gas Reserves In Two New Fields 42
4.6.2 Jul 01, 2010: Iran Discovers New Oil Well In Alborz Oilfield 43
4.6.3 Jun 27, 2010: Iran Discovers Second Gas Field In Khorasan Razavi Province 43
4.6.4 Jun 21, 2010: Iran Finds 2.19 Tcf Of Natural Gas At Toos Field 43
4.6.5 Jun 15, 2010: Iran Finds 30 Billion Barrels Of Oil At Arvand-Kenar Field 44
4.7 Iran (Islamic Republic of Iran) Exploration and Production Sector, Drilling and Production Updates 44
4.7.1 Jul 21, 2010: South Pars' Phase 11 Produces 50 Mcmpd Of Gas 44
4.7.2 Jun 09, 2010: Iran To Pump 25,000 Bopd At Hengam Oilfield 45
4.7.3 May 23, 2010: Pars Oil and Gas To Increase South Pars Output By 1 Bcfpd 45
4.7.4 Feb 14, 2010: Iran Starts Drilling Its First Oil Well In Caspian Sea 45

5 Iran (Islamic Republic of Iran) Pipeline Sector 46
5.1 Iran (Islamic Republic of Iran) Pipeline Sector, Key Data 46
5.2 Iran (Islamic Republic of Iran) Pipeline Sector, an Overview 46
5.3 Iran (Islamic Republic of Iran) Pipeline Sector, Key Crude Oil Pipeline Companies 46
5.4 Iran (Islamic Republic of Iran) Pipeline Sector, Key Petroleum Product Pipeline Companies 47
5.5 Iran (Islamic Republic of Iran) Pipeline Sector, Crude Oil Pipelines 47
5.6 Iran (Islamic Republic of Iran) Pipeline Sector, Petroleum Product Pipelines 49

6 Iran (Islamic Republic of Iran), Refining Sector 51
6.1 Iran (Islamic Republic of Iran), Refining Sector, Key Data 51
6.2 Iran (Islamic Republic of Iran), Refining Sector, An Overview 51
6.2.1 Iran (Islamic Republic of Iran), Refining Sector, Total Refining Capacity 51
6.3 Iran (Islamic Republic of Iran), Refining Sector, Capacity- Wise Market Share by Company 52
6.4 Iran (Islamic Republic of Iran) Refining Sector, Crude Distillation Unit Capacity 53
6.5 Iran (Islamic Republic of Iran) Refining Sector, Coking Capacity 54
6.6 Iran (Islamic Republic of Iran) Refining Sector, Fluid Catalytic Cracking Capacity 55
6.7 Iran (Islamic Republic of Iran) Refining Sector, Hydrocracking Capacity 56

7 Iran (Islamic Republic of Iran) Oil and Chemicals Storage Sector 57
7.1 Iran (Islamic Republic of Iran) Oil and Chemicals Storage Sector, An Overview 57
7.2 Iran (Islamic Republic of Iran) Oil and Chemicals Storage Sector, An Overview 57
7.2.1 Iran (Islamic Republic of Iran) Oil and Chemicals Storage Sector, Total Storage Capacity 57
7.3 Iran (Islamic Republic of Iran) Oil and Chemicals Storage Sector, Capacity- Wise Market Share by Company 58
7.4 Iran (Islamic Republic of Iran) Oil and Chemicals Storage Sector, Storage Capacity 60

8 Profile of TOTAL S.A. 63
8.1 TOTAL S.A., Key Information 63
8.2 TOTAL S.A., Company Overview 63
8.3 TOTAL S.A., Business Description 63
8.3.1 Business Overview 63
8.3.2 Chemicals 64
8.3.3 Downstream 65
8.3.4 Upstream 66
8.4 TOTAL S.A., SWOT Analysis 68
8.4.1 Overview 68
8.4.2 TOTAL S.A. Strengths 68
8.4.3 TOTAL S.A. Weaknesses 70
8.4.4 TOTAL S.A. Opportunities 70
8.4.5 TOTAL S.A. Threats 72

9 Profile of Petroliam Nasional Berhad (PETRONAS) 74
9.1 Petroliam Nasional Berhad (PETRONAS), Key Information 74
9.2 Petroliam Nasional Berhad (PETRONAS), Company Overview 74
9.3 Petroliam Nasional Berhad (PETRONAS), Business Description 74
9.3.1 Business Overview 74
9.3.2 Exploration and Production Segment 75
9.3.3 Gas Business Segment 77
9.3.4 Logistics and Maritime Segment 78
9.3.5 Oil Business Segment 79
9.3.6 Petrochemicals Segment 81
9.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 82
9.4.1 Overview 82
9.4.2 Petroliam Nasional Berhad (PETRONAS) Strengths 82
9.4.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses 83
9.4.4 Petroliam Nasional Berhad (PETRONAS) Opportunities 84
9.4.5 Petroliam Nasional Berhad (PETRONAS) Threats 85

10 Profile of OAO Gazprom 86
10.1 OAO Gazprom, Key Information 86
10.2 OAO Gazprom, Company Overview 86
10.3 OAO Gazprom, Business Description 86
10.3.1 Business Overview 86
10.3.2 Gas Distribution 87
10.3.3 Gas Production 88
10.3.4 Gas Transportation 90
10.3.5 Other Activities 91
10.3.6 Production of Crude Oil and Gas Condensate 92
10.3.7 Refining 93
10.4 OAO Gazprom, SWOT Analysis 94
10.4.1 Overview 94
10.4.2 OAO Gazprom Strengths 95
10.4.3 OAO Gazprom Weaknesses 96
10.4.4 OAO Gazprom Opportunities 97
10.4.5 OAO Gazprom Threats 98

11 Financial Deals Landscape 100
11.1 Detailed Deal Summary 100
11.1.1 Asset Transactions 100

12 Recent Developments 102
12.1 License Rounds 102
12.1.1 Mar 02, 2010: Iran To Auction Eight New Oil And Gas Exploration Blocks Shortly 102
12.2 License Awards 102
12.2.1 Jun 15, 2010: Iranian Firms Bag South Pars Gas Contracts 102
12.3 Strategy and Business Expansion 102
12.3.1 Jul 16, 2010: Khatam-ol-Anbia Withdraws From Development Plan Of South Pars Phases 15, 16 102
12.3.2 Jun 26, 2010: Iran To Finalize Azar Oilfield Deal With Gazprom Neft 103
12.3.3 Apr 05, 2010: MRPL To Reduce Crude Imports By About 8.5% In 2010/11 Fiscal Year 103
12.4 Other Significant Developments 104
12.4.1 Aug 10, 2010: Four Arab States Show Interest In Buying Iranian Gas 104
12.4.2 Aug 08, 2010: Iran Invites India To Join Peace Pipeline Project 104
12.4.3 Aug 08, 2010: BOTAS Pays $600 Million Fine To NIGC 104
12.4.4 Aug 08, 2010: India Shows Interest To Participate In Iranian Energy Projects 105
12.4.5 Aug 08, 2010: Iran, China To Expand Energy Cooperation 105
12.4.6 Aug 07, 2010: Iran Plans To Attract $85 Billion In Oil Investments 105
12.4.7 Aug 06, 2010: Cambodia, Iran To Sign Oil Cooperation Agreement 106
12.4.8 Jul 31, 2010: China Invests $40 Billion In Iranian Oil And Gas Sector 106
12.4.9 Jul 26, 2010: Iran Invests $46 Billion In Refinery Projects 107
12.4.10 Jul 26, 2010: EU Sanctions Not To Affect Oil Production: Iranian Oil Minister 107

13 Appendix 108
13.1 Methodology 108
13.1.1 Coverage 108
13.1.2 Secondary Research 109
13.1.3 Primary Research 109
13.1.4 Midstream Forecasts 110
13.1.5 Expert Panel Validation 110
13.2 Contact Us 110
13.3 About the Publisher 110
13.4 Disclaimer 110

List of Tables

Table 1: Iran (Islamic Republic Of), Historic and Forecast Production and Consumption of Crude Oil, 1996-2020 13
Table 2: Iran (Islamic Republic Of), Historic and Forecast Exports of Crude Oil, 1996-2020 15
Table 3: Iran (Islamic Republic Of), Historic Reserves of Crude Oil, 1996-2009 17
Table 4: Middle East, Investment Benchmarking, Overall Country Rankings, July 2010 20
Table 5: Middle East, Investment Benchmarking, Oil Sector Performance, July 2010 22
Table 6: Middle East, Investment Benchmarking, Economic Performance, July 2010 26
Table 7: Middle East, Country Standings, Economic Performance, July 2010 27
Table 8: Middle East, Investment Benchmarking, Socio-Political Performance, July 2010 28
Table 9: Middle East, Country Standings, Socio-Political Performance, July 2010 29
Table 10: Iran (Islamic Republic of Iran), Crude Oil Key Statistics, 2009 31
Table 11: Iran (Islamic Republic of Iran), Total Gross Crude Oil Production (MMBBLs), 2002-2009 32
Table 12: Iran (Islamic Republic of Iran), Total Gross Crude Oil Production (MMBBLs) by Type, 2002- 2009 33
Table 13: Iran (Islamic Republic of Iran), Gross Crude Oil Production (MMBBLs), by Assets, 2002-2009 34
Table 14: Iran (Islamic Republic of Iran), Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 35
Table 15: Iran (Islamic Republic of Iran), Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2002-2009 36
Table 16: Iran (Islamic Republic of Iran), Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2010-2015 38
Table 17: Iran (Islamic Republic of Iran), Active Oil Field Asset Details 39
Table 18: Iran (Islamic Republic of Iran), Planned Oil Field Asset Details 40
Table 19: Iran (Islamic Republic of Iran), Number of Oil Discoveries, 2004- 2009 41
Table 20: Iran (Islamic Republic of Iran), Oil Discovery Details, 2004-2009 42
Table 21: Iran (Islamic Republic of Iran), Pipeline Key Statistics, 2009 46
Table 22: Iran (Islamic Republic of Iran), Crude Oil Pipeline Length by Company (Km), 2009 46
Table 23: Iran (Islamic Republic of Iran), Petroleum Product Pipeline Length by Company (Km), 2009 47
Table 24: Iran (Islamic Republic of Iran), Crude Oil Pipelines, 2009 47
Table 25: Iran (Islamic Republic of Iran), Crude Oil Pipelines, 2009 (Contd.1) 48
Table 26: Iran (Islamic Republic of Iran), Petroleum Product Pipelines, 2009 49
Table 27: Iran (Islamic Republic of Iran), Petroleum Product Pipelines, 2009 (Contd.1) 50
Table 28: Iran (Islamic Republic of Iran), Refinery Key Statistics, 2009 51
Table 29: Iran (Islamic Republic of Iran), Total Refining Capacity (MMTPA), 2000- 2013 51
Table 30: Iran (Islamic Republic of Iran), Refining Capacity by Company (MMTPA), 2000-2013 52
Table 31: Iran (Islamic Republic of Iran), Crude Distillation Unit Capacity (MMTPA), 2000-2013 53
Table 32: Iran (Islamic Republic of Iran), Crude Distillation Unit Capacity (MMTPA), 2000-2013 (Contd.1) 54
Table 33: Iran (Islamic Republic of Iran), Coking Unit Capacity In Iran (MMTPA), 2000-2013 54
Table 34: Iran (Islamic Republic of Iran), Fluid Catalytic Cracking Unit Capacity In Iran (MMTPA), 2000-2013 55
Table 35: Iran (Islamic Republic of Iran), Hydrocracking Unit Capacity In Iran (MMTPA), 2000-2013 56
Table 36: Iran (Islamic Republic of Iran), Oil and Chemicals Storage Key Statistics, 2009 57
Table 37: Iran (Islamic Republic of Iran), Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 57
Table 38: Iran (Islamic Republic of Iran), Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013 58
Table 39: Iran (Islamic Republic of Iran), Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 60
Table 40: Iran (Islamic Republic of Iran), Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Contd.1) 61
Table 41: Iran (Islamic Republic of Iran), Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Contd.2) 62
Table 42: TOTAL S.A., Key Facts 63
Table 43: TOTAL S.A., SWOT Analysis 68
Table 44: Petroliam Nasional Berhad (PETRONAS), Key Facts 74
Table 45: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 82
Table 46: OAO Gazprom, Key Facts 86
Table 47: OAO Gazprom, SWOT Analysis 94
Table 48: Oil and Natural Gas And Ashok Leyland Project Services To Acquire 40% Interest In South Pars Gas Field From Petropars 100
Table 49: Hinduja And ONGC Videsh Terminated Acquiring Stakes In Oil and Gas Fields From Naft Iran Intertrade 101

List of Figures

Figure 1: Iran (Islamic Republic Of), Energy Sector Split By Fuel Type, 2009 11
Figure 2: Iran (Islamic Republic Of), Crude Oil Production And Consumption (Thousand Barrels Per Day), 1996-2020 14
Figure 3: Iran (Islamic Republic Of), Crude Oil Exports (Thousand Barrels Per Day 1996-2020 16
Figure 4: Iran (Islamic Republic Of), Crude Oil Reserves (Million Barrels), 1996-2009 18
Figure 5: Middle East, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, July 2010 23
Figure 6: Middle East, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, July 2010 24
Figure 7: Middle East, Country Standings, Exploration Blocks Awarded, July 2010 25
Figure 8: Middle East, Country Standings, Economic Performance, July 2010 27
Figure 9: Middle East, Country Standings, Socio-Political Performance, July 2010 29
Figure 10: Iran (Islamic Republic of Iran), Crude Oil Assets Map, 2009 31
Figure 11: Iran (Islamic Republic of Iran), Total Gross Crude Oil Production (MMBBLs), 2002-2009 32
Figure 12: Iran (Islamic Republic of Iran), Total Gross Crude Oil Production (MMBBLs) by Type, 2002-2009 33
Figure 13: Iran (Islamic Republic of Iran), Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 36
Figure 14: Iran (Islamic Republic of Iran), Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2009 37
Figure 15: Iran (Islamic Republic of Iran), Number of Oil Discoveries, 2004- 2009 41
Figure 16: Iran (Islamic Republic of Iran), Total Refining Capacity (MMTPA), 2000- 2013 52
Figure 17: Iran (Islamic Republic of Iran), Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 58
Figure 18: Iran (Islamic Republic of Iran), Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013 59