Iran Country Analysis Brief

(Thu, 10 Oct 2024) Iran holds some of the world’s largest oil and natural gas reserves, and crude oil and natural gas production growth remains limited because of international sanctions and underinvestment. However, Iran’s crude oil production increased after 2020 after global oil demand returned to pre-COVID-19 levels and China began to import more discounted crude oil from Iran.

SHIP Act Report

(Wed, 09 Oct 2024) This report fulfils Section 4 of the Stop Harboring Iranian Petroleum Act, or the SHIP Act, which requires the Administrator of the U.S. Energy Information Administration to submit a report describing “Iran’s growing exports of petroleum and petroleum products” to the appropriate congressional committees.

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