Iran has been raising eyebrows with its unwavering determination to put its energy industry back on its feet since most Western sanctions against Tehran were lifted last year, and its progress so far is considerable. The news from the last two weeks alone include crude oil output close to 4 million barrels daily ; the National Iranian Oil Company shortlisting 29 foreign companies to take part in oil and gas tenders to take place later this quarter; and the National Iranian Gas Company announcing it wants to build a US$2.5-billion trunk gas pipeline, in partnership with Russian energy firms. Also since the start of January, an insurance business group announced that it has found a way around the remaining U.S. sanctions against Iran, and will now offer almost full coverage for export-bound Iranian crude shipments, excluding U.S.-based sector players. This will help Iran further boost its oil exports and […]