Albany, NY, November 15, 2016 --(PR.com
)-- Market Research hub added a latest forecast report to its database that highlights Iran midstream oil and gas industry. The report is entitled “Iran Midstream Oil and Gas Industry Outlook to 2021: Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines, Underground Gas Storage and Gas Processing.” This analysis covers key downstream facilities, gas processing and petrochemical facilities including refineries as well as the liquefied natural gas (LNG) market scenario till 2021.
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The report highlights the assets of the country’s midstream oil and gas sector with the key insights of chief mergers and acquisitions, private equity, partnerships and initial public offerings. According to the report, the economy is heavily dependent on the productive oil and gas sector as Iran has the second largest gas industry reserves in the world after the Russian Federation. It is projected that, for two decades its production growth has increased by an average of 10 percent. Demand has also surged because of economic aspects and population growth.
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Natural gas has also been liquefied and used as an alternate for gasoline and other transport fuels. As Iran's oil sector has become more advance, the government has used more gas for reinjection of natural gas into maturing oil fields in order to maintain oil production. Also, the midstream sector forms a channel between the retrieval and processing segments to play a significant role in the transport, storage and processing of raw resources. During the reduction in oil prices in 2015, the midstream sector has been insulated from the price differences to some extent. The involved companies have fared well and are looking forward to increase their investments in the oil and gas sector. Top listed companies of Iran are as follows-
National Iranian Oil Co. (NIOC)
Bou Ali Sina Petrochemical Industries
Bandar Imam Petrochemical Co.
National Petrochemical Co.
National Iranian Oil Refining and Distribution Co.
National Iranian Oil Co. (NIOC) is the third largest oil and gas company in Iran. NIOC has exclusive rights to all Iranian extraction, transportation and exportation activities of crude oil, and all natural gas along with LNG sales. Further, in the report, historic and forecast of natural gas & oil data associated to its production, consumption, imports/exports for the period of 2000-2020 are also discussed. Asset details of all ongoing and planned projects across Iran oil and gas value chain are analyzed in the report. Additionally, recent developments & some other significant developments and latest contracts awarded in the Iran midstream sector have been mentioned in detail.
In the concluding section of the report, new contract announcements of the industry are clearly outlined.
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