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Iran hopes that the pending nuclear framework agreement will lead to much needed foreign investment in its oil and gas sector. Insofar as eased sanctions permit, billions of dollars will be needed to reverse production declines and re-establish production growth. How realistic are Iran’s aspirations to attract such investment, and what increased production and exports can be reasonably expected over the near to medium term?
In turn, what will be the impact of increased Iranian exports on its neighbors, notably Iraq and Saudi Arabia, and their desire to secure a larger share of the global market? How will the Saudis and other Gulf monarchies react to Iranian moves? What are the implications of changes in Saudi national and energy leadership and of Kurdish moves to produce and export separately from Baghdad? What is the effect of these regional changes on the global energy balance?
Energy experts will explore these issues in this eighth event in the Wilson Center’s Regional and Global Energy Series.
Woodrow Wilson Center
1300 Pennsylvania Avenue, NW 6th Floor
Washington DC 20004