In a bizarre turn of events, the Taliban government’s standards office has returned fuel tankers carrying Iranian gasoline, deeming the product below standard. In a message on Thursday, November 29, posted on X, the Taliban stated that 24 tankers carrying low-quality Iranian gasoline were returned to Iran through the Farah’ …
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ran’s draft budget for 2024-2025, presented to the parliament, reveals a significant decline in oil and gas export revenues, and a surge in domestic energy prices. The bill outlines a projection of 1.35 million barrels per day for oil exports at an average price of €65 per barrel (approximately $71) …
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An Iranian official has acknowledged that the country’s net electricity export has reached zero, due to internal power deficit. Official statistics indicate that during the last three years, Iran’s electricity exports were plunging gradually, while imports increased. Mohammad Elahdad, the Deputy for Transmission and Foreign Trade at the Energy Ministry, …
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Iran’s Chamber of Commerce’s Energy Commission head, Arash Najafi, warns that the natural gas shortage not only affects many sectors but also threatens Iran’s oil fields. He emphasized that without re-injecting gas into oil deposits, some fields might become unproductive, leading to substantial economic losses for the country’s oil sector. …
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The Gaza war has exerted significant pressure not only on the geopolitical equilibrium but have also sent ripples through global trade initiatives, energy markets, particularly affecting investment strategies and operations in the oil and gas sectors within the Mediterranean region. The ongoing Israel-Gaza war has dramatically increased geopolitical tensions across …
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Iran’s semi-official Fars news agency has stated that Tehran envisions to boost its oil exports to Venezuela, with a target of 860,000 barrels per day within three years. This plan involves not only exporting oil but also repairing Venezuelan refineries to facilitate this export. The goal is to restore Iran’s …
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Iran’s oil minister Javad Owji claimed on Wednesday that the country is producing 3.4 million barrels per day (mb/d) of crude oil, about 1.2 mb/d more than in mid-2021. In recent months, Owji has consistently reported oil production growth figures that contradict estimates from international entities. Both OPEC and the …
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Despite close political relations with China, Iran has been largely left out of Beijing’s Belt and Road Initiative and other regional investments, amid US sanctions. China is connected to Southeast and South Asia, Central Asia, the Pacific Ocean, Africa, and Europe through the Belt and Road Initiative (BRI), a massive …
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While none of the dozens of deals between Iranian and Russian oil companies over the past decade have been implemented, Russia now intends to export gas to Iran. It should be noted that due to European sanctions, Russia faced serious challenges in selling natural gas. Simultaneously, during the three-day visit …
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The recent agreement between the United States and Iran could portend well for regional security—or it could reinforce existing divisions and promote further escalatory behavior from each side, with significant economic consequences in either case. The recently announced prisoner swap between the United States and Iran has spurred debates about how it …
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