What Iran Is Losing To Get Nuclear Energy? - Payvand

Oil:Iranian economy depends on oil exports. However, Iran's oil industry is a houseof cards. It is neglected, crumbling and underinvested. Many of its oil and gasfields are in dire need of foreign technical expertise.

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Gas: While holding the second largest natural gas reserves in the world, Iran is nota serious exporter of the commodity. The EU seeks a lowering of its dependenceon Russian energy, and Iran potentially could benefit by joining projects likethe Nabucco gas pipeline. However, Iran's isolation and its poor relations withthe international community are impediments that stand in the way. The so-calledpeace pipeline between Iran, Pakistan and India has not made any progress inspite of the enormous price reductions proposed by Iran. Iran's most importantsingle source of natural gas is the South Pars field in the Persian Gulf, whichit holds in common with Qatar. The tiny emirate across the Persian Gulf has beenexploiting the gas from South Pars to the tune of billions of dollars, whileIranians helplessly witness the depletion of the reserves. Iranianpoliticians have claimed many times that Iran's international isolation and theeconomic sanctions-including those imposed by the UN Security Council-have nothurt the country seriously, and they insist on continuing the nuclear program atall costs. In reality, however, Iran's oil and gas industry have suffered andwill suffer further.

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