Iran shares 26 oil and gas fields with its neighbors yet, due to a lack of technological and financial investment over the past years, Iran has been unable to extract a competitive amount of oil from such fields. This has led to their exploitation by Iran’s neighbors. Studies show that …
Read More »Iran to export 1mn bdp of oil despite US sanctions: Energy expert
Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC), the Persian Gulf nation’s Energy Minister Saad Sherida al-Kaabi announced. The decision to quit the bloc of 15 oil-producing countries that account for a significant percentage of the world’s oil production was confirmed by Qatar Petroleum, the state …
Read More »Iran losing regional, world gas market: energy expert
In near future, gas refineries of phases 13, 22, and 24 of South Pars will be inaugurated officially. This means Iran’s greater share of gas field against its rival Qatar, but situation of Iranian gas exports is not very good. To know more about the issue we reached out to …
Read More »Oil prices decline contrary to expectations
– Saudi Arabia’s quicker than expected output restoration sparks oil price fall Oil prices declined contrary to expectations due to the quicker than expected restoration of Saudi Arabia’s output, the contained global response to the drone attacks on Saudi Aramco’s facilities, and greater output from other supplier countries like Qatar, …
Read More »Even massive inspections not to prevent the sale of Iran’s oil: Energy expert
To drive Iran’s oil export to zero, the Trump administration said that it will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, stepping up pressure on Iran in a move that primarily affects the five remaining major importers: China and India and US …
Read More »Geopolitics of Increasing US Oil Production, Export Capacity
Shale gas has had a major impact on energy prices around the world. Due to Shale gas revolution, US advanced technology and innovation, America’s dependence on foreign energy sources especially the Middle East is decreasing. According to US Energy Information Agency last year US produced on average more than 5 million …
Read More »The fate of Iran’s energy development plans under US pressure
A recent expression of doubt by Patrick Pouyanné, the chief executive officer of France’s energy giant Total, whether to carry out cooperation with Iran has strengthened worries over the fate of Iran’s energy development projects. Omid Shokri, a Washington-based energy analyst, told Trend November 18 that “Total or any other …
Read More »