Tag Archives: Russia

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 …

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 …

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. …

As the world’s great powers and the GCC states cast their attention toward the region, the nations of Central Asia could play a major role in facilitating trade between Europe and China. When U.S. President Joe Biden and Chinese President Xi Jinping met in San Francisco to patch up Sino-American …

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, …

While none of the dozens of deals between Iranian and Russian oil companies over the past decade have been implemented, Russia now intends to export gas to Iran.  It should be noted that due to European sanctions, Russia faced serious challenges in selling natural gas. Simultaneously, during the three-day visit …

Introduction Despite its abundant oil and gas reserves, over the last four decades Iran has not been able to play a prominent role in the global energy market. According to energy industry statistics, Iran requires at least US$160 billion in investment to continue to export its oil and natural gas. …

On May 11, Turkish opposition candidate Muharren Ince announced that he was dropping out of the upcoming presidential elections, allegedly due to, in his words, a “smear campaign” that is “the work of the Gülenist Terror Group” (Daily Sabah, May 11). As one of four opposition candidates running against Turkish …

The construction of the International North-South Transport Corridor is another way for Iran and Russia to circumvent Western sanctions and lower trade cost while increasing its volume. After the United States and the European Union imposed extensive sanctions on Russia in response to its invasion of Ukraine in February 2022, …

In February 2023, Uzbekistani President Shavkat Mirziyoyev announced an energy package valued at over $1 billion to ease the country’s heating and electricity needs (Tashkent Times, February 8). In this, while Russia is considered a key player in providing Tashkent with much-needed oil and natural gas products, Uzbekistan also hopes …