Pressure is growing around the world to cut off international purchases of Russian oil because of the Kremlin’s war of aggression against Ukraine. In recent days, the government of Poland announced its intentions to do just that, in addition to self-embargos on Russian coal and natural gas, before the end …Read More »
Why Gulf States Can (or Cannot) Replace Russian Oil and Gas
Given Europe’s need for Russian natural gas and the lack of easily available alternatives for Russia’s energy resources in the European market in the short term, solutions to political disagreements between Europe and the Middle East are more vital now than ever. Energy flows—imports and exports—constitute a major element of …Read More »
Iran has a long way to go to export natural gas to Europe
The energy crisis in Europe, and Russia’s invasion of Ukraine have highlighted the importance of diversifying energy resources. Europe’s over-reliance on Russian energy resources and Russia’s use of energy weapons to further exploit the geopolitical dimension led to the issue of finding an alternative to Russian energy sources, after the sanctions imposed on Russia …Read More »
The Middle East needs to draw the right lessons from today’s natural gas crisis
Rising oil prices and the energy crisis have created the conditions for Middle Eastern countries to gradually reduce their dependence on oil and gas exports and focus on a green economy by investing more in the energy transition process. The energy crisis and Russia‘s invasion of Ukraine, along with the outbreak of the …Read More »
The economic and moral challenges of replacing Russian oil
When President Joe Biden announced a U.S. ban on Russian oil and other energy imports last week, he called the sanction a “powerful blow to Putin’s war machine” currently invading Ukraine. But the move means Washington must find alternative sources of crude elsewhere, and its search for new supplies, from …Read More »
Can Iranian oil stabilize a volatile market?
As fuel prices skyrocket following the Russian invasion of Ukraine, another major supplier of oil and natural gas is poised to play an important role. Before Donald Trump‘s withdrawal from the 2015 nuclear deal and the imposition of sanctions on Iran’s oil exports, Iran produced 3.8 million barrels of oil per …Read More »
Iran’s Petrochemical Development: A Challenge to Saudi Arabia?
Without using the capacity of foreign companies in the Iranian petrochemical industry, the gap between Iran and Saudi Arabia in petrochemical production will increase, and other competitors will also increase their share in the regional and global markets. In recent years, the export of petrochemical products from Iran has made …Read More »
A volatile year ahead for energy markets in the Middle East
Analysis: As the global economy recovers from Covid-19, oil production and prices are expected to surpass pre-pandemic levels. But with changing market dynamics and acceleration towards renewables, the energy market could be in for a volatile year. The economies of energy-producing countries in the Middle East will be heavily reliant …Read More »
Iran’s Combative Diplomacy Continues in Vienna
After the withdrawal of the United States from the 2015 “Joint Comprehensive Plan of Action,” or JCPOA, nuclear deal with Iran, Tehran initially indicated that it would continue to follow its obligations in cooperation with the remaining members of the “P5+1” group that had negotiated the deal. Despite this early indication, Iran …Read More »
New natural gas transit agreement: Applying energy diplomacy in Iran’s foreign policy?
The recent agreement on the transit of Turkmen natural gas through Iran to Azerbaijan can be considered a successful form of energy diplomacy during the Raisi presidency. The recent agreement on the transit of Turkmen natural gas through Iran to Azerbaijan can be considered a successful form of energy diplomacy …Read More »