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The US re-imposing sanctions on Iran has prompted Total to consider dropping its stake in a project designed to bolster output from the world’s largest gas field. With Iran re-entering the global oil market, this article looks at the state of Iran's oil industry, the condition of its fields, its use of technology, and its present and future production potential. Russian oil production has remained on a growth path despite the plunge in oil prices because producers have built their business on producing oil for less than USD 30/bbl.

  Industry: Energy > Oil & Gas > Upstream (1.00)
  Oilfield Places: Asia > Middle East > Iran (0.98)
  SPE Disciplines: Production and Well Operations (0.91)