The war in Iran is going to leave a mark.
Even if fighting ends today, it will take years to rebuild damaged energy infrastructure in the Persian Gulf, Rystad Energy said in an analysis released Wednesday.
Ramping up shut-in oil wells could take months. Repairing the world’s largest gas liquefaction facility in Qatar could take a half-decade. Add it all up and the cost of reversing the last month’s damage on energy infrastructure across the region could reach $25 billion, the energy research firm said.
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“Every day of damaged or shut-in infrastructure pushes prewar production capacity further out of reach,” said Audun Martinsen, head of supply chain research at Rystad.
