Tag Archives: Iran

Even before the coronavirus pandemic erupted, Iran’s oil exports were declining as a result of secondary US sanctions. Global oversupply amid a drastic drop in consumer demand, caused by the virus and its economic effects, will likely continue to depress Iranian exports for months to come. Prior to the US …

The US withdrawal from the Iran nuclear deal and sanctions on oil exports in 2018 have made the situation for Iran’s oil industry even more precarious. But US efforts to reduce Iran’s oil exports to zero have caused Tehran to sell oil in the grey market, or by using a third country. Despite the …

The global gas and liquefied natural gas (LNG) market is currently witnessing an increase in the number of new manufacturers and an increase in the geopolitical importance of this product. Given that the share of natural gas in a country’s energy portfolio will increase by 2040, countries with natural gas …

Major energy producing countries are using energy exports to increase political influence in consumer countries. Energy exports are one of the most important ways to create interdependence as well as stability and security in the region. Iran ranks second in the world’s gas reserves, but  domestic gas consumption increased sharply …

While crude oil exports (Iran’s most important foreign exchange industry) have sharply reduced with no hope of recovery, other resources such as petrochemicals, mines and metals could have been a way out for the Islamic Republic… however, these sectors were also sanctioned in Spring 2019. Iran’s petrochemical and steel sectors …

The main goal of OPEC is to coordinate and unify the oil policies of its members, and to identify the best ways to protect their interests individually and collectively. OPEC is also looking for ways to guarantee world market prices by eliminating unnecessary volatility. OPEC’s continuing viability and its impact …

Having oil and gas resources can be one of the most important pillars of the overall economic policy of the ruling economy, which can rightly be a good fit for the country’s economy in the face of current and ongoing crises and for its long-term development and impact. In industrial, …

– 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, …

In recent years, Saudi Arabia has had a comprehensive plan to reduce the share of oil in the economy, and it is seeking to increase the share of both renewable energy and natural gas in electricity production for export. It is also investing in high value-added products to reduce dependence …

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 …