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 …
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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 …
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By Parisa HafeziOctober 22, 20257:59 AM GMT+3Updated 3 hours ago DUBAI, Oct 21 (Reuters) – Iran’s economy is at risk of simultaneous hyperinflation and severe recession, officials and analysts say, as clerical rulers scramble to preserve stability with limited room to manoeuvre after a snapback of U.N. sanctions. They followed a breakdown …
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Continued Blacklisting and Enhanced Sanctions Would Hinder Iran’s Trade Contacts, Foreign Investment, and Access to Financial Institutions The Financial Action Task Force (FATF), the international body charged with combatting money laundering and terror finance, placed Iran on its blacklist in 2007 because of its failure to address weaknesses in its …
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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 …
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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 …
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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 …
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Significant progress has been made in establishing Türkiye as a major regional gateway for the transit of natural gas, especially in enabling the shipping of gas from Turkmenistan and Azerbaijan to Europe. Its strategic positioning in the global energy market is strengthened by its participation in significant infrastructure projects like …
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The GCC states have invested heavily in carbon capture and storage systems to lower their atmospheric emissions and take advantage of the high demand for these services in the years to come. The states of the Gulf Cooperation Council (GCC), long among the world’s greatest oil producers, are going through a …
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‘While countries like the US and Australia have reopened mines, they remain dependent on China for refining,’ says energy strategist Umud Shokri In the 1990s, the US started offshoring a lot of our mining and a lot of our processing. So, a lot of that went to China … There’s …
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