Wall Street Journal |  Benoit Faucon: Iran’s oil-and-gas industry was supposed to take off after the nuclear deal. Instead, one of the world’s largest energy sectors is languishing.

International oil companies are staying on the sidelines as the Trump administration threatens to rip up the 2016 deal and reimpose oil sanctions lifted in exchange for limits on its atomic-power program.


Iranian officials predicted the deal would result by now in $10 billion a year in fresh foreign spending in the oil and gas sector. But only about $1.3 billion has been injected over two years, mostly from China, said Homayoun Falakshahi, an Iran-focused analyst at the oil consultancy Wood Mackenzie.

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