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995 KB

Extraction Summary

0
People
6
Organizations
2
Locations
5
Events
1
Relationships
3
Quotes

Document Information

Type: Financial presentation slide / investment report
File Size: 995 KB
Summary

A Goldman Sachs Investment Management Division presentation slide (page 13) analyzing the decline of Iranian oil production and exports from 2011 to May 2019. The document highlights the impact of US sanctions and the withdrawal from the JCPOA in May 2018, noting a production drop of 1.2 million barrels per day. The document bears a 'HOUSE_OVERSIGHT' bates stamp, suggesting it was obtained during a congressional investigation.

Organizations (6)

Name Type Context
Goldman Sachs
Investment Management Division produced the report
Investment Strategy Group
Cited as a data source
Bloomberg
Cited as a data source
Platts Global Crude
Provider of cFlow Data
EU
Agreed to ban Iranian oil imports in Jan 2012
House Oversight Committee
Bates stamp indicates document is part of a House Oversight investigation

Timeline (5 events)

January 2012
EU agrees to ban Iranian oil imports
Europe/Iran
EU Iran
July 2012
Ban imposed by US and allies goes into effect
Global
US Allies Iran
July 2015
JCPOA Signed
Global
May 2018
US Withdraws from JCPOA
US
US
November 2018
US sanctions go into effect
US/Iran

Locations (2)

Location Context
Subject of the oil production analysis
US
Imposed sanctions and withdrew from JCPOA

Relationships (1)

US Geopolitical Adversaries Iran
US Withdraws from JCPOA; US sanctions go into effect

Key Quotes (3)

"Iranian Oil Production Has Plummeted"
Source
HOUSE_OVERSIGHT_026957.jpg
Quote #1
"Since the US withdrew from the JCPOA in May 2018: Iranian oil production has fallen by 1.2 million b/d"
Source
HOUSE_OVERSIGHT_026957.jpg
Quote #2
"Iran will continue to send a few hundred thousand b/d of oil exports despite harsh US secondary sanctions."
Source
HOUSE_OVERSIGHT_026957.jpg
Quote #3

Full Extracted Text

Complete text extracted from the document (1,024 characters)

Iranian Oil Production Has Plummeted
Investment Management Division
Goldman Sachs
Iranian Oil Production and Exports (Million Barrels/Day)
[Chart Legend]
— Production
- - Exports (3-Month Moving Average)
[Chart Labels and Annotations]
Jan-12
EU agrees to ban Iranian oil imports
Jul-12
Ban imposed by US and allies goes into effect
Jul-15
JCPOA Signed
May-18
US Withdraws from JCPOA
3.8
Nov-18
US sanctions go into effect
2.6
2.6
Latest: 0.5
0.9
[Y-Axis]
Million b/d
5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
[X-Axis]
2011 2012 2013 2014 2015 2016 2017 2018 2019
Since the US withdrew from the JCPOA in May 2018:
- Iranian oil production has fallen by 1.2 million b/d
- Exports have fallen from 2.6 million b/d to 0.5 million b/d month-to-date in May (0.9 million b/d on a 3-month moving average)
Iran will continue to send a few hundred thousand b/d of oil exports despite harsh US secondary sanctions.
Source: Investment Strategy Group, Bloomberg, cFlow Data (Platts Global Crude).
13
HOUSE_OVERSIGHT_026957

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