In recent months, Turkey and Iran seized an opportunity to try to reduce their long-running multifaceted tensions. Despite geopolitical and security-related frictions, the bilateral relationship is rosier when it comes to business and people-to-people ties. Iran is among the highest sources of tourists to Turkey every year (Sabah, September 11). …
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With a potential output worth $450 billion over its first 20 years, Iran’s Chalous gas field in the Caspian Sea, raises issues of both finance and where the gas might sell. The field, whose discovery Iran proclaimed in June and which has perhaps 3.5 trillion cubic meters (m3) of gas, reportedly is part …
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Sitting on 17 percent of world gas reserves, Iran should have no trouble renewing a contract to supply gas to Turkey that expires in 2025. So why are there concerns in Tehran? As the Iranian Minister of Oil Javad Owji announced September, Iran faces a daily gas deficit of 200 million cubic …
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Geopolitics in Transcaucasia have been influenced by several regional developments, ultimately having an impact on the trilateral Iranian-Azerbaijani-Turkish relations within the context of energy transport to the Autonomous Republic of Nakhchivan. With its vast oil and gas resources in the Caspian Sea, Azerbaijan has no problem supplying the oil and …
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In mid-August, Turkey officially announced the discovery of a massive, 320-billion-cubic-meter (bcm) natural gas field in the Black Sea, in an exploration zone called “Tuna-1” (TRT World, August 21). The news was met with some skepticism from energy experts, notably in the Middle East (Arab News, August 24). Yet, if …
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إaghdad reported its highest oil production on record last August at 4.6 million barrels per day (bpd) from the country’s southern fields and exported a large portion of it. The first Iraqi-Turkish oil pipeline, built in 1976, has been ineffective in recent years in northern Iraq. Now the governments of …
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