The logo of the FATF (the Financial Action Task Force) is seen during a news conference after a plenary session at the Organisation for Economic Cooperation and Development Headquarters in Paris, France, October 18, 2019.
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In 2024, the Gulf’s energy sector is poised at a critical juncture, balancing the traditional reliance on hydrocarbons with ambitious strides toward renewable energy and economic diversification amidst global economic fluctuations and regional geopolitical tensions. The Middle East played a significant role in the global energy market in 2023, navigating the delicate …
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As Iran grapples with a severe lack of foreign investment, its Arab neighbors are increasingly channeling funds into Iran’s northern regions, boosting trade turnover. On December 17, the United Arab Emirates and the Republic of Azerbaijan jointly launched a substantial investment fund worth one billion dollars. This collaborative venture sees …
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As Iran’s domestic carmakers lose money due to sanctions, a technological gap and mismanagement, officials are promising to boost the electrical vehicle production. The only avenue open to Iran is to make deals with Chinese companies and start EV assembly, like fossil-fuel vehicles it produces. China, dominating the global electric vehicle (EV) …
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Iran, despite having the world’s second-largest natural gas reserves, has not yet become an LNG producer, and faces a critical shortage for essential domestic needs. Natural gas that has been cooled to a liquid form for convenient and secure non-pressurized storage or transportation is known as liquefied natural gas, or LNG. …
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ran’s draft budget for 2024-2025, presented to the parliament, reveals a significant decline in oil and gas export revenues, and a surge in domestic energy prices. The bill outlines a projection of 1.35 million barrels per day for oil exports at an average price of €65 per barrel (approximately $71) …
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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, …
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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. …
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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 …
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By Michael Scollon As winter approached, Iran was relishing the prospect of falling temperatures that could put Europe in a deep freeze and allow Tehran to bask in the wealth of its formidable natural-gas reserves. A difficult winter for Europeans would offer many advantages, including leverage in protracted negotiations in Vienna …
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