đ¨ Potential Impact on Iranâs Oil & Gas Production Amid a Conflict with Israel đ¨
If tensions between Iran and Israel escalate into all-out war, the global energy market could face massive disruptions. Hereâs how Iranâs oil & gas production might be impacted:
⥠Oil Disruptions:
⢠Key Infrastructure at risk: Kharg Island and Sirri Island, Iranâs lifelines for oil exports, could be targetedâputting 1.6-1.7M bpd of crude at risk! đĽ
⢠Refinery Shutdowns: Attacks on major refineries like Bandar Abbas could cripple 300K bpd of refined oil products, causing massive shortages.
⢠Strait of Hormuz: A vital passage for 20% of the worldâs oil could be cut off, shaking global supply chains. đđĽ
⥠Gas Disruptions:
⢠Pipeline Vulnerabilities: The Tabriz-Ankara pipeline, moving 9-10 bcm/year of gas to Turkey, could be halted.
⢠South Pars Gas Field: Disruption here would affect 1 bcm/day of natural gas, causing power outages and industrial slowdowns. đđĄ
đ Total Potential Impact:
⢠Oil Exports: Up to 100% of Iranâs 1.7M bpd crude oil exports could vanish from the market.
⢠Gas Exports: 17-20 bcm/year of gas, especially to Turkey and Iraq, could be at risk.
⢠Domestic Energy: Power shortages could hit home, with domestic consumption severely impacted.
đ Global Energy Market on High Alert! This is a critical moment for oil and gas traders. Stay vigilant and watch the markets as any disruption could cause a ripple effect worldwide.
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