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 …
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Despite a persistent and alarming deficit in its natural gas production, Iran recently chose to renew gas export contracts with Iraq – a decision that can have severe consequences for its own energy needs. While Iran boasts having the second largest natural gas reserves in the world, its production capacity …
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Hopes for increased economic cooperation between Iran and Saudi Arabia following last year’s diplomatic reconciliation have not materialized, due to historical and political factors Saudi Arabia and Iran have a long history of hostility, usually taking opposing sides in regional conflicts such as Yemen, Lebanon, and Syria. This competition, fueled by disruptive activities …
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As Qatar sets higher ambitions for its gas output, Iranian officials scramble to justify their under-performance in developing the South Pars field, resorting to statistical maneuvers to deflect criticism. Sakhavat Asadi, the chief executive of Iran’s Pars Special Economic Zone Organization, has claimed that Iran’s natural gas production from the …
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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 …
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Turkey and Iran have expressed a clear interest in improving their bilateral economic relations, but remain divided over a range of geopolitical and security issues, to which answers remain elusive. EmailPrintFriendlyPaylaş Iranian President Ebrahim Raisi, left, and Turkish President Recep Tayyip Erdogan leave after a joint news conference following their …
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The military collaboration between Iran and Russia has significantly intensified since the invasion of Ukraine, with Tehran delivering offensive weapons used against civilian targets. The recent revelation by the Prana Network of Iran’s clandestine arms deal with Russia, valued at $1.75 billion, has sparked concerns about its implications on global security …
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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 …
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Iranian President Ebrahim Raisi’s visit to Turkey this week came against the backdrop of the Gaza war, ongoing regional crisis and conflicts in bilateral relations. The visit on Wednesday and the issues discussed reflected the intricate dynamics between Iran and Turkey. The visit resulted in ten agreements, emphasizing collaboration in …
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Iran currently lacks a substantial presence in the burgeoning hydrogen industry, despite its abundance of natural gas and renewable energy potential. Utilizing renewable energy sources such as solar or wind power, “green hydrogen“ is produced by electrolysis, which produces hydrogen without any emissions. This contrasts with traditional techniques that release carbon dioxide. Experts anticipate …
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