Iran has significantly increased the consumption of Mazut, a dirty fuel, in cement factories, despite widespread warnings and criticisms of its use in power plants. Ali-Akbar Alvandian, the secretary of the Association of Employers of the Cement Industry in Iran, has reported a several-fold increase in Mazut consumption in cement …
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The logo of the FATF (the Financial Action Task Force) is seen during a news conference after a plenary session at the Organisation for Economic Cooperation and Development Headquarters in Paris, France, October 18, 2019.
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Iran’s already significant winter gas shortage has been exacerbated by Turkmenistan’s decision to halt gas deliveries to Iran, including gas swaps with Azerbaijan this year. This has created a challenging situation for Iran, which is struggling with a severe gas shortage during the winter months. The breakdown of these gas-related …
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In 2024, the Gulf’s energy sector is poised at a critical juncture, balancing the traditional reliance on hydrocarbons with ambitious strides toward renewable energy and economic diversification amidst global economic fluctuations and regional geopolitical tensions. The Middle East played a significant role in the global energy market in 2023, navigating the delicate …
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Iran’s Statistical Center recently announced a decline in the country’s unemployment rate to 7.6 percent this fall from 10.6 in the same period in 2019. The report didn’t explain the reason for the decline, but, a comparison of the new numbers for the labor force (employed or seeking jobs) with …
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Iran officially became a member of the China-led BRICS economic organization on Monday, as it seeks to overcome the impact of US sanctions and overcome it isolation. In its policy of finding shelter under Chinese and Russian-dominated international organizations, Iran achieved full membership in the Shanghai Cooperation Organization in July 2022 and …
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Iran announced this week that it exported $26.5 billion of oil during the past 9 months, a figure that contradicts both previous Iranian and international estimates. For years, Iranian administrations have not transparently disclosed their oil revenues, citing the illicit nature of shipments under the US sanctions regime. However, in …
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As Iran grapples with a severe lack of foreign investment, its Arab neighbors are increasingly channeling funds into Iran’s northern regions, boosting trade turnover. On December 17, the United Arab Emirates and the Republic of Azerbaijan jointly launched a substantial investment fund worth one billion dollars. This collaborative venture sees …
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As Iran’s domestic carmakers lose money due to sanctions, a technological gap and mismanagement, officials are promising to boost the electrical vehicle production. The only avenue open to Iran is to make deals with Chinese companies and start EV assembly, like fossil-fuel vehicles it produces. China, dominating the global electric vehicle (EV) …
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Iran, despite having the world’s second-largest natural gas reserves, has not yet become an LNG producer, and faces a critical shortage for essential domestic needs. Natural gas that has been cooled to a liquid form for convenient and secure non-pressurized storage or transportation is known as liquefied natural gas, or LNG. …
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