Tag Archives: oil

In his first trip abroad as president, Masoud Pezeshkian reaffirmed Iraq’s central role in Iran’s foreign policy. Masoud Pezeshkian’s inaugural trip to Iraq from September 11-13 marked a pivotal moment in the evolving relationship between the two neighbors. The new president’s visit underscores Iraq’s strategic importance to Iran and reflects Pezeshkian’s commitment …

The following article is based on research conducted under the State Department’s Title VIII Fellowship, for the Black Sea Program at MEI. During summer 2024, the author traveled to Baku and Karabakh and interviewed 15 policymakers from various government ministries, the private sector, academia, the parliament, and energy agencies. Azerbaijan …

Iran has realized the value of its vast renewable energy potential—but serious international and institutional obstacles threaten to derail Tehran’s green energy plans before they gain momentum. Although Iran is one of the world’s largest producers of fossil fuels, the Islamic Republic has increasingly focused on renewable energy to address its growing …

Iran says it will produce 4m bpd Sceptics say it is an election ploy Exports using a ‘shadow fleet’ Iran has said it intends to raise its oil output to 4 million barrels per day from about 3.5 million bpd currently. Industry experts are sceptical about Tehran’s ambitions and say …

Beset by an unprecedented domestic energy crisis, Iran has sought to cement foreign energy deals and investment, to varied success. Though the country faces a raft of international sanctions and several major geopolitical hurdles, Iran’s oil and gas sector has seen a significant expansion in recent months—a period of growth marked by …

In recent years, Iranian authorities have often announced significant discoveries of oil and gas reserves, but, in reality, the government has faced tremendous challenges – often self-inflicted – in actually extracting these resources. In February 2017 authorities revealed the presence of two billion barrels of shale oil reserves in the …

Bijan Zanganeh, Iran’s former oil minister, has made bold assertions regarding Iran’s potential to significantly increase its oil production, despite minimal investments and limited access to technology. Iran’s crude oil production stood at an estimated 3,163,000 barrels per day as of January 2024, showing a slight decrease from December 2023’s output of …

Iran’s recently stated plan to build four more nuclear power reactors has raised questions about its feasibility as the country wrestles with economic crisis and isolation. According to early estimates, work has started in the southern region with a five-thousand-megawatt total capacity in mind. With 4,000 employment prospects and an estimated …

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.

Iran announced this week that it exported $26.5 billion of oil during the past 9 months, a figure that contradicts both previous Iranian and international estimates. For years, Iranian administrations have not transparently disclosed their oil revenues, citing the illicit nature of shipments under the US sanctions regime. However, in …