Iran’s already significant winter gas shortage has been exacerbated by Turkmenistan’s decision to halt gas deliveries to Iran, including gas swaps with Azerbaijan this year. This has created a challenging situation for Iran, which is struggling with a severe gas shortage during the winter months. The breakdown of these gas-related …
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In 2024, the Gulf’s energy sector is poised at a critical juncture, balancing the traditional reliance on hydrocarbons with ambitious strides toward renewable energy and economic diversification amidst global economic fluctuations and regional geopolitical tensions. The Middle East played a significant role in the global energy market in 2023, navigating the delicate …
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Iran announced this week that it exported $26.5 billion of oil during the past 9 months, a figure that contradicts both previous Iranian and international estimates. For years, Iranian administrations have not transparently disclosed their oil revenues, citing the illicit nature of shipments under the US sanctions regime. However, in …
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As Iran grapples with a severe lack of foreign investment, its Arab neighbors are increasingly channeling funds into Iran’s northern regions, boosting trade turnover. On December 17, the United Arab Emirates and the Republic of Azerbaijan jointly launched a substantial investment fund worth one billion dollars. This collaborative venture sees …
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Iran, despite having the world’s second-largest natural gas reserves, has not yet become an LNG producer, and faces a critical shortage for essential domestic needs. Natural gas that has been cooled to a liquid form for convenient and secure non-pressurized storage or transportation is known as liquefied natural gas, or LNG. …
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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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