The upcoming U.S. presidential election presents a major political challenge for Iran’s economy, especially its energy sector and foreign exchange market. As the geopolitics of energy change, all developments directly impact the foreign policies of energy-producing and consuming countries. In the field of international relations, energy resources are sources of power, which if used …
Read More »Energy Dimension of UAE-Israel Historical Deal
In August 2020 the UAE became the third Arab country to normalize relations with Israel after Egypt (1979) and Jordan (1994), and the first country in the Gulf region; however, secret relationships have been going on for years. The UAE-Israel historical deal was widely welcomed by some of the region’s leaders, as well …
Read More »China and Iran’s Strategic Partnership: A Zero Sum Game?
Iran and China first announced a long-term 25-year strategic partnership in 2016, with a draft document of the accord reportedly approved last week. Cooperation between the two countries will include China’s financial and technological participation in major projects such as highways, railways, oil and gas fields, the tourism industry, information technology and …
Read More »Present and Potential Dynamics of China’s Energy Policy with Tehran and Riyadh
The continuation of sanctions and the reduction of Iran’s oil share in the world market have caused many problems for all sectors of Iran’s energy industry and economy, and it will see an increase in problems in most areas due to the Trump administration’s “maximum pressure” policy. Currently, the Iranian …
Read More »Iran Oil Exports Face a Tough Future even after the Coronavirus
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 …
Read More »The Geopolitics of Iran’s Fuel Shipments to Venezuela
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 …
Read More »Reducing oil price would benefit Russia to influence US oil export: Energy expert
TEHRAN, Mar. 13 (MNA) – Omid Shokri believes that Russia’s disagreement with cuts in OPEC Plus production could be a good opportunity for Moscow to influence US oil exports. While the spread of Coronavirus outbreak worldwide has already had a profound effect on the world economy and has led to …
Read More »Coronavirus and a new crisis in the world oil market
Supply and demand are the two central elements of price stability in the global energy market. Moreover, the rate of economic growth of major energy-consuming countries such as China and India also plays an important role in market stability. In addition to these two main components, geopolitical events in major …
Read More »Turkey’s Focus on Africa: Energy Security, Political Influence and Economic Growth
Turkey, which has based its economic growth on export development and made significant strides in recent years (especially during the AKP administration) has taken a strategic approach to the African continent in search of new markets. Moreover, it is seeking to expand its political, economic and commercial presence on the …
Read More »Challenges of Iran’s petrochemical industry in the shadow of new sanctions
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 …
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