Tuesday , May 28 2024
  • My New Book

    US Energy Diplomacy in the Caspian Sea Basin: Changing Trends Since2001 - Available on Springer

  • My New Book

    US Energy Diplomacy in the Caspian Sea Basin: Changing Trends Since2001 - Available on Amazon

Recent Articles

Facing Shortages, Iran’s Net Electricity Exports Reach Zero

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, …

Read More »

Iran Wastes Huge Oil Reserves Due To Gas Shortage

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. …

Read More »

Ripple Effects of the Gaza War: Geopolitical Strains and Energy Market Shocks

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 …

Read More »

Iran Nurtures Ambitions For The Venezuelan Oil Market

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 …

Read More »

Is Iran Producing More Oil? Facts And Figures

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 …

Read More »

China Leaves Iran Out Of Major Investment Projects

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 …

Read More »

Iran Dreams Of Energy Cooperation With Russia

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 …

Read More »

The U.S.-Iran Prisoner Swap: Unraveling Impacts on Gulf Security and Oil Dynamics

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 …

Read More »

The Geopolitical Chessboard: IMEC’s Role in Shaping New Balance of Power

Key Points Beyond just building infrastructure, the India-Middle East-Europe Economic Corridor (IMEC) project has significant geopolitical relevance and can transform world power relations amid a rising regional and global rivalry for transportation corridors.  The IMEC project is a game-changer since it intends to boost connection, enable sustainable growth, and revolutionize …

Read More »

Mutual Interests and Geopolitical Considerations in Iran-Venezuela Energy Ties

Key PointsMutual interests and geopolitical considerations have long influenced the Iran-Venezuela energy relationship. Iran aims to increase Venezuela’s refining capacity by revamping its refining complex and reducing its reliance on US technology.Despite the rise in petroleum prices, trade and investment between Iran and Venezuela will continue to be limited due to their …

Read More »