Iran’s 3-Part Plan To Outsmart Sanctions

Iran’s priority in continuing to optimise its oil industry exports despite ongoing U.S. sanctions is to push the pace of development firstly of the multiple fields that constitute the West Karoun area and secondly of the fields it shares with Iraq. A corollary third priority is to ensure that it build-outs export routes for its oil that do not have to go through the ultra-politically-sensitive Strait of Hormuz. Last week saw movement on all three priorities. The first of these saw the rollout of new materiel in the North Yaran oil field,…