Currently, the main source of Saudi revenues is oil production—at a rate of nine to ten million barrels per day. Yet, this is not the kingdom’s only resource: Saudi Arabia is actively engaged in implementing many industrial projects, including energy projects and projects based around crude oil, in an effort …

On paper, Turkey and Iran should be natural partners when it comes to energy. On the one hand, Turkey has a growing demand for oil and gas and lacks significant domestic resources, making it highly reliant on imports. On the other hand, Iran has huge hydrocarbons reserves — the world’s …

On Nov. 29, John McCarrick, the US Deputy Assistant Secretary in the Department of State’s Bureau of Energy Resources, stated that the US opposed to multiple Turkish Stream gas pipeline projects planned by Russia to deliver gas to Turkey. To know more about the reasons behind the US concerns over …

The long-awaited mega gas pipeline project of Turk­menistan, Afghanis­tan, Pakis­tan and India (TAPI) connecting the energy-rich Central Asian nation with the South Asian countries was inaugurated couple of days ago, with leaders of the four countries attending its groundbreaking ceremony in Serhetabat followed by another in Herat. Considering the facts …

Following the brutal killing of Saudi Journalist at the Saudi consulate in Istanbul, There have been lots of tensions between Saudi rulers and their western allies particularly the US. The US President Donald Trump has had different contradictory and weak stances towards the scandal. Despite threatening serious punishments against killers …

Iran shares 26 oil and gas fields with its neighbors yet, due to a lack of technological and financial investment over the past years, Iran has been unable to extract a competitive amount of oil from such fields. This has led to their exploitation by Iran’s neighbors. Studies show that …

Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC), the Persian Gulf nation’s Energy Minister Saad Sherida al-Kaabi announced. The decision to quit the bloc of 15 oil-producing countries that account for a significant percentage of the world’s oil production was confirmed by Qatar Petroleum, the state …

In near future, gas refineries of phases 13, 22, and 24 of South Pars will be inaugurated officially. This means Iran’s greater share of gas field against its rival Qatar, but situation of Iranian gas exports is not very good. To know more about the issue we reached out to …

– Saudi Arabia’s quicker than expected output restoration sparks oil price fall Oil prices declined contrary to expectations due to the quicker than expected restoration of Saudi Arabia’s output, the contained global response to the drone attacks on Saudi Aramco’s facilities, and greater output from other supplier countries like Qatar, …

To drive Iran’s oil export to zero, the Trump administration said that it will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, stepping up pressure on Iran in a move that primarily affects the five remaining major importers: China and India and US …