Sunday , January 23 2022

ARTICLES

U.S. Presidential Election and Iran Oil Export

The upcoming U.S. presidential election presents a major political challenge for Iran’s economy, especially its energy sector and foreign exchange market. As the geopolitics of energy change, all developments directly impact the foreign policies of energy-producing and consuming countries. In the field of international relations, energy resources are sources of power, which if used …

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Is Turkey’s New Gas Discovery in the Black Sea a Game Changer?

In mid-August, Turkey officially announced the discovery of a massive, 320-billion-cubic-meter (bcm) natural gas field in the Black Sea, in an exploration zone called “Tuna-1” (TRT World, August 21). The news was met with some skepticism from energy experts, notably in the Middle East (Arab News, August 24). Yet, if …

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Energy Dimension of UAE-Israel Historical Deal

In August 2020 the UAE became the third Arab country to normalize relations with Israel after Egypt (1979) and Jordan (1994), and the first country in the Gulf region; however, secret relationships have been going on for years. The UAE-Israel historical deal was widely welcomed by some of the region’s leaders, as well …

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China and Iran’s Strategic Partnership: A Zero Sum Game?

Iran and China first announced a long-term 25-year strategic partnership in 2016, with a draft document of the accord reportedly approved last week. Cooperation between the two countries will include China’s financial and technological participation in major projects such as highways, railways, oil and gas fields, the tourism industry, information technology and …

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The Future of Iranian Natural Gas Exports to Turkey

Reducing dependence on Iranian gas will increase Turkey’s bargaining power in gas transactions. In practice, Iranian gas will not play a significant role in Turkey’s policies, which means that it can be easily removed from them and sanctioned. The diversification of energy resources is a fundamental principle of Turkey’s energy …

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The Geopolitics of Iran’s Fuel Shipments to Venezuela

The US withdrawal from the Iran nuclear deal and sanctions on oil exports in 2018 have made the situation for Iran’s oil industry even more precarious. But US efforts to reduce Iran’s oil exports to zero have caused Tehran to sell oil in the grey market, or by using a third country. Despite the …

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Coronavirus and a new crisis in the world oil market

Supply and demand are the two central elements of price stability in the global energy market. Moreover, the rate of economic growth of major energy-consuming countries such as China and India also plays an important role in market stability. In addition to these two main components, geopolitical events in major …

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