Page 6 - IRANRptFeb22

Iran is set to kick off gas production from the final offshore phase of its South Pars gas development amid a major gas production push by Tehran, which is aiming to significantly increase supplies to cater to rampant demand.The overall South Pars development includes 37 platforms across the field’s 24 phases to produce 700mn cubic metres per day at present of Iran’s roughly 1bn cubic metre per day total.
Looking ahead, the Institute of International Finance (IFF) forecast that should the signatories to the original JCPOA manage to agree a comprehensive new nuclear agreement that moves beyond the 2015 terms, Iran would see GDP expand by 4.3% this year and by 5.9% and 5.8% in 2022 and 2023, respectively.
If Tehran and the major powers fail to strike any agreement to revive the JCPOA, unemployment in Iran would likely remain in double digits and there would be subdued economic growth of 1.8% this year, the IIF estimated.
6 IRAN Country Report February 2022 www.intellinews.com