Economics

Iran Oil Return May Be Slow Amid Jostling for Foreign Investors

Tehran's oil refinery south of the capital in Iran on Dec. 22, 2014.

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Iran’s full return to world oil markets will be hindered by strong competition for foreign investment dollars from rival producers including Iraq, Mexico and Brazil, among others.

In a world of surplus supply, prices hovering around $50 a barrel and deep cuts to capital expenditures by oil companies, Iran will be challenged to find investors should it finalize a nuclear agreement that leads to a lifting of sanctions.