Download or read book Firms Reported in Open Sources as Having Commercial Activity in Iran's Oil, Gas, and Petrochemical Sectors written by Joseph A. Christoff and published by DIANE Publishing. This book was released on 2010-11 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Iran has the world's third largest oil reserves and second largest gas reserves, and is the world's fourth largest producer of crude oil. Iran's priorities for the next 5 years are: (1) raise oil production and exports; (2) increase natural gas production for domestic use; and (3) expand refining capacity. Iran prohibits non-Iranian firms from obtaining an ownership interest by investing in oil and gas fields, but allows them to enter into "buy-back" arrangements in which the foreign firms may receive entitlements to oil or gas for a limited time in exchange for the funds they expend on the project. This report: (1) provides a list of foreign firms engaging in commercial activity in Iran's oil, gas, or petrochemical sectors from 2005 to 2009; and (2) provides info. about these sectors.