Iran US Sanctions Add Impetus To Iranian Downstream Developments

摘要

The US sanctions imposed on Iran are adding extra impetus to the government's push to revitalise its domestic refning sector. Investment has largely focused on modernising facilities. These tend to be relatively lower cost and shorter cycle projects and can signifcantly improve the value added. The Downstream Industries Support Act could ofer a boost to greenfeld projects, unlocking public funds in support of downstream developments. That said, the government's strained fscal position will likely cap the upside.