Iran Oil and Gas Exploration and Production Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Iran Oil and Gas Exploration and Production Market provides insight into recent trends and developments and key project information. The report offers the market size and forecasts for Iran's oil and gas exploration and production in revenue (USD billion).

Iran Oil and Gas Exploration and Production Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Iran Oil and Gas Exploration and Production Market Size

Iran Oil and Gas Exploration and Production Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 2.00 %
Market Concentration Medium

Major Players

Iran Oil and Gas Exploration and Production Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Iran Oil and Gas Exploration and Production Market Analysis

The Iran Oil and Gas Exploration and Production Market is expected to register a CAGR of greater than 2% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.

  • Over the medium term, new discoveries, upcoming projects, and increasing investment in the upstream sector are expected to drive the market's growth.
  • On the other hand, geopolitical factors and national unrest are expected to hamper the growth of Iran's oil and gas exploration and production market during the forecast period.
  • However, Iran plans to improve its production capacity of crude oil and natural gas with the development of the Azadegan, Yadavaran, Yaran, and South Pars oil layers, as well as several other fields. Such developments may create lucrative growth opportunities for the Iranian oil and gas exploration and production market during the forecast period.

Iran Oil and Gas Exploration and Production Industry Overview

The Iranian oil and gas exploration and production market is moderately consolidated in nature. Some of the major players in the market (in no particular order) include National Iranian Oil Company, Petropars Ltd, MAPNA Group, Khazar Exploration and Production Company, and Pasargad Energy Development Company.

Iran Oil and Gas Exploration and Production Market Leaders

  1. National Iranian Oil Company

  2. Pasargad Energy Development Company

  3. MAPNA Group

  4. Petropars Ltd.

  5. Khazar Exploration and Production Company

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration - Iran Oil and Gas Exploration and Production Market.png
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Iran Oil and Gas Exploration and Production Market News

  • In September 2022, Iran offered ONGC Videsh Ltd a 30% interest in the development of the Farzad-B gas field in the Persian Gulf.
  • In July 2022, Russian oil and gas major Gazprom signed a USD 40 billion with the National Oil Company for the development of oil and gas projects in Iran.

Iran Oil and Gas Exploration and Production Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. COMPETITIVE LANDSCAPE

  • 5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 5.2 Strategies Adopted by Leading Players
  • 5.3 Company Profiles
    • 5.3.1 National Iranian Oil Company
    • 5.3.2 Petropars Ltd
    • 5.3.3 MAPNA Group
    • 5.3.4 Khazar Exploration and Production Company
    • 5.3.5 Pasargad Energy Development Company
    • 5.3.6 North Drilling Company
  • *List Not Exhaustive

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Iran Oil and Gas Exploration and Production Industry Segmentation

Exploration & production (E&P) is a specific sector within the oil and gas industry linked to the early stages of energy production, typically involving exploring for and extracting oil and gas.

The Iranian oil and gas exploration and production market provides insight into recent trends and developments and key project information. The report offers the market size and forecasts for Iran's oil and gas exploration and production in revenue (USD billion).

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Iran Oil and Gas Exploration and Production Market Research FAQs

What is the current Iran Oil and Gas Exploration and Production Market size?

The Iran Oil and Gas Exploration and Production Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)

Who are the key players in Iran Oil and Gas Exploration and Production Market?

National Iranian Oil Company, Pasargad Energy Development Company, MAPNA Group, Petropars Ltd. and Khazar Exploration and Production Company are the major companies operating in the Iran Oil and Gas Exploration and Production Market.

What years does this Iran Oil and Gas Exploration and Production Market cover?

The report covers the Iran Oil and Gas Exploration and Production Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Iran Oil and Gas Exploration and Production Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Iran Oil and Gas Exploration and Production Industry Report

Statistics for the 2025 Iran Oil and Gas Exploration and Production market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iran Oil and Gas Exploration and Production analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.