Market Size of Iran Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.07 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Iran Oil & Gas Downstream Market Analysis
The Iran oil and gas downstream market is expected to grow at a CAGR of more than 2.07% during the forecast period of 2020 - 2025. Factors such as increasing demand for oil and natural gas domestically and rising investment in refineries and gas processing plants are expected to boost the demand for the Iran oil and gas downstream market during the forecast period. However, the United States sanctions have impeded the growth in the oil and gas sector by reducing the oil export and blocking foreign companies from working in the country.
- The Iran oil and gas downstream market forecast is quite optimistic due to the increase in the consumption levels of oil and the expansion of refineries in the country.
- Iran has the potential to become a significant natural gas supplier to its region. It has established agreements with some of its neighboring countries to export natural gas through a planned regional pipeline. It may become an opportunity for a further increase in the oil and gas market.
- As the government of Iran is focusing on increasing the investment in the downstream sector to increase the oil refining, it is expected to be the driving force of growth in the industry.
