economy
Iran War Damaged as Much as $58 Billion of Energy Infrastructure, Rystad Estimates
It could take years to repair damaged energy infrastructure in the Middle East and restore production to prewar levels.
TL;DR
- The Iran war has damaged up to $58 billion worth of energy infrastructure.
- Over 80 energy facilities have been attacked since February 28th.
- More than a third of attacked facilities are severely damaged.
- Repairs could take up to two years to restore production to pre-war levels.
- Minimum repair costs are estimated at $34 billion.
- Iran's infrastructure absorbed the biggest hit, with potential repair costs of $19 billion.
- Qatar faces steep costs after Iran struck its key LNG facility, resulting in $20 billion in lost revenue and potentially five years for repairs.
- Attacks have targeted production facilities, refineries, and pipelines in Iran and Gulf Arab neighbors like Saudi Arabia, Kuwait, and the UAE.
- The need for repair equipment will stress global energy supply chains.