It was misleading to believe that there would be a huge amount of new Iranian crude and natural gas production entering market in the short term, it would take some time in terms of developing new oil fields, finding transmission routes and having the necessary market conditions.

Fatih Birol

Fatih Birol is a Turkish economist. Currently, he is the Chief Economist and Director of Global Energy Economics at the International Energy Agency in Paris. In February 2015, Dr. Fatih Birol has been elected by consensus of all 29 member states to the position of Executive Director of International Energy Agency. He is responsible for the IEA’s flagship World Energy Outlook publication, which is recognised as the most authoritative source for strategic analysis of global energy markets. He is founder and chair of the IEA Energy Business Council which provides a forum for cooperation between the energy industry and policymakers. Birol has been named by Forbes magazine among the most powerful people in terms of influence on the world’s energy scene. He is the Chairman of the World Economic Forum Energy Advisory Board and a member of the UN Secretary-General's 'High-level Group on Sustainable Energy for All.' He is a frequent contributor to print and electronic media and delivers numerous speeches each year at major international summits and conferences.

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