There are numerous reasons for the lack of success of foreign companies in the Iranian oil and gas market, but we will highlight three of these factors.
First Point:
Insufficient knowledge about the Iranian oil and gas market and comparing it with the oil industry markets in their own countries can lead to incorrect analyses. Ultimately, this can result in unsuccessful endeavors, consuming both time and resources for the company.
Second Point:
Unfamiliarity with unforeseen challenges in the Iranian market. Due to extensive sanctions, trading and operating in Iran’s oil industry pose risks and unique conditions. This creates unforeseen challenges for both foreign and Iranian companies.
Third Point:
Regrettably, it cannot be denied that the presence of a large number of intermediaries in various sectors of the industry, some of whom lack the necessary expertise, has led to numerous problems for both foreign and Iranian companies. Perhaps the most significant issue is the creation of a lack of trust among companies for collaboration.
Thank you for your attention.
Amin Mehtabi
