Energy Market

The project fits a long-standing pattern in Iran of improvisation rather than reform On December 6, Iran’s President Masoud Pezeshkian unveiled the country’s latest attempt to mitigate chronic water shortages: an 800-kilometer pipeline carrying desalinated water from the Gulf of Oman to drought-stricken Isfahan. The two-year, 350 trillion rial (about $300 million) …

Across the Region, Electricity Demand Surged with Extreme Heat, Population Growth, Desalination Needs, and Industrial Expansion In 2025, the Middle East’s energy sector held firm amid cooling global markets, geopolitical friction, and an uneven global energy transition. The region continued to underpin global supply, producing roughly 30 percent of global oil and …

With Energy Diplomacy, Ankara Strengthens a Partnership That Stretches Across Military, Cultural, and Now Economic Dimensions On December 2, 2025, Turkey signed hydrocarbon exploration agreements through its state-owned Turkish Petroleum Corporation (TPAO) with six Pakistani energy firms. The announcement came with almost no political theater, but the implications run deeper …

The Project That Once Balanced Russian Expertise with Iraqi Sovereignty Now Exposes the Fragility of This Set-up Western sanctions have reshaped Iraq’s oil sector. In October 2025, the United States and United Kingdom targeted Lukoil and Rosneft’s overseas operations to curtail Moscow’s war financing. Lukoil promptly declared force majeure at West Qurna-2, which …

Independent Certification of Reserves and Scaled-up Processing Would Elevate Turkey’s Role in Global Supply Chains of Critical Minerals Turkish President Recep Tayyip Erdoğan frames the supposed discovery of 694 million tons of rare earth element reserves in Beylikova, Eskişehir, as a strategic opportunity to place Turkey among the top global producers of rare earth …

A major change in the energy landscape of the South Caucasus has occurred with the opening of the Iğdır-Nakhichevan gas pipeline, which has strengthened strategic energy alliances and reshaped regional dependencies. This accomplishment is especially significant as Türkiye navigates a critical energy security phase, since important natural gas contracts with …

When Iranian President Masoud Pezeshkian and Russian President Vladimir Putin signed the Treaty on Comprehensive Strategic Partnership in Moscow on 17 January 2025, it marked a significant turning point in the expanding partnership between Iran and Russia. Broad collaboration in vital areas like defense, counterterrorism, energy, finance, technology, cybersecurity, peaceful …

The Government Is Reducing Fuel Quotas and Is Considering Digital Fuel Cards, Tiered Pricing, and Energy Coupons Iran consumes more energy per person than many developed nations, though poor energy efficiency leads to extensive waste. The core reasons for this are energy subsidies and pricing schemes that buck market realities. While Iranian …

Despite vast oil and gas reserves, Iran faces a severe energy crisis due to decades of mismanagement, excessive subsidies, corruption, and international sanctions, which have crippled its infrastructure and distorted energy markets. Without structural reforms and international engagement, the country risks deeper economic instability, environmental degradation, and political unrest. Iran has …