To avoid recession, Iran needs over 6 percent economic growth, the analysis of Foundation for Middle East Studies and Alliance for Public Awareness (FEMO) written by expert Mohammad Amin says.

In short and long term perspectives, oil extraction in Iran will hardly excess the level prior to sanctions (2.4 million bbl/d). According to the estimates of APICORP (Arab Petroleum Investment Corporation), Iran can increase oilproduction by over 400,000 bbl/d in 2016 and 300,000 bbl/d in 2017.

The Oil Ministry of Iran says the country needs to invest more than $100 billion in oil and gas sector in the coming five years. But conditions for attracting foreign investments haven’t yet been created, Amin writes.