Saturday , April 13 2024

Energy Market

Saudi Iranian Relations Remain Cool Despite Renewed Diplomatic Ties

Hopes for increased economic cooperation between Iran and Saudi Arabia following last year’s diplomatic reconciliation have not materialized, due to historical and political factors Saudi Arabia and Iran have a long history of hostility, usually taking opposing sides in regional conflicts such as Yemen, Lebanon, and Syria. This competition, fueled by disruptive activities …

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Shaping the Future: The 7th GECF Summit and Geopolitical Realities of the Gas Market

On the heels of its latest forum in Algiers, the Gas Exporting Countries Forum (GECF) has grown substantially in size and influence, highlighting the essential role of natural gas in balancing global energy, promoting sustainability, and addressing market volatility, technological challenges, and geopolitical tensions. The 7th Gas Exporting Countries Forum (GECF) Summit in Algiers …

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Limitations Abound On Iran’s Ability To Boost Oil Output

Bijan Zanganeh, Iran’s former oil minister, has made bold assertions regarding Iran’s potential to significantly increase its oil production, despite minimal investments and limited access to technology. Iran’s crude oil production stood at an estimated 3,163,000 barrels per day as of January 2024, showing a slight decrease from December 2023’s output of …

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Building Bridges: Iranian-Turkish Economic Unity Amidst Security Rifts

Turkey and Iran have expressed a clear interest in improving their bilateral economic relations, but remain divided over a range of geopolitical and security issues, to which answers remain elusive. EmailPrintFriendlyPaylaş Iranian President Ebrahim Raisi, left, and Turkish President Recep Tayyip Erdogan leave after a joint news conference following their …

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Iran’s Chabahar Space Center: Balancing Ambitions And Realities

Iran asserts that its space program is geared towards fostering scientific advancement, yet it undeniably bolsters its regional influence, and could enhance its hard power capabilities. Space is viewed as the paramount strategic vantage point, stemming from Iran’s missile program, whose advancement holds significant geopolitical implications. The inclusion of military satellites …

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Turkey And Iran Try To Find Common Ground Amid Complexities

Iranian President Ebrahim Raisi’s visit to Turkey this week came against the backdrop of the Gaza war, ongoing regional crisis and conflicts in bilateral relations. The visit on Wednesday and the issues discussed reflected the intricate dynamics between Iran and Turkey. The visit resulted in ten agreements, emphasizing collaboration in …

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