Glass half empty ...
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A recent study by the National Development Fund has sounded the alarm, saying that in less than a decade Iran’s crude output could drop to around 2.3 million bpd due to maintenance issues. The same survey has also warned about another unfolding energy shortfall, saying the country would only be able to fulfill a third of its gas demand by 2041.
Such warnings should be taken seriously and no one should be under any illusion that a country ranking among the top global holders of oil and gas reserves would ever end up in such a dire situation.
Iran has set high targets to boost its energy production. However, achieving such goals requires massive investment as well as a nationwide campaign for energy efficiency measures. No doubt those objectives would be “unattainable” if the required investment is not made.