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Iran holds the world's fourth-largest proved crude oil reserves and the world's second-largest natural gas reserves. Despite the country's abundant reserves, Iran's oil production has substantially declined over the past few years, and natural gas production growth has slowed. International sanctions have profoundly affected Iran's energy sector. Sanctions have prompted a number of cancellations or delays of upstream projects, resulting in declining oil production capacity.
For more information on the Iran’s energy sector, visit http://www.eia.gov/countries/cab.cfm?fips=IR
Iran - Analysis - U.S. Energy Information Administration (EIA)
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