The 2015 Joint Comprehensive Plan of Action (JCPOA), known as the Iran nuclear deal, was a global agreement that curtailed multinational sanctions on Iran with the promise that Iran would cut back on its uranium enrichment. Several nations have doubted Iran's full commitment to the deal, especially with news of the recent missile test; nonetheless, the JCPOA has held firm thus far. Helped by the sanctions relief, Iran has now taken a large step in revitalizing its position within the global marketplace. The country has started building 12 new oil refineries, hoping to increase its overall output to at least 4 billion barrels a day by the end of March. Unaffected by the OPEC supply cuts negotiated last November, Iran hopes to massively expand its lagging energy industry, a sector that was particularly hit hard by pre-deal sanctions.