When President Joe Biden announced a U.S. ban on Russian oil and other energy imports last week, he called the sanction a “powerful blow to Putin’s war machine” currently invading Ukraine. But the move means Washington must find alternative sources of crude elsewhere, and its search for new supplies, from …
Read More »Can Iranian oil stabilize a volatile market?
As fuel prices skyrocket following the Russian invasion of Ukraine, another major supplier of oil and natural gas is poised to play an important role. Before Donald Trump‘s withdrawal from the 2015 nuclear deal and the imposition of sanctions on Iran’s oil exports, Iran produced 3.8 million barrels of oil per …
Read More »Iran’s Petrochemical Development: A Challenge to Saudi Arabia?
Without using the capacity of foreign companies in the Iranian petrochemical industry, the gap between Iran and Saudi Arabia in petrochemical production will increase, and other competitors will also increase their share in the regional and global markets. In recent years, the export of petrochemical products from Iran has made …
Read More »How Western sanctions over Ukraine invasion could hit Russia’s energy sector
Analysis: Tightening sanctions could lead to a decline in Moscow’s share of Europe’s energy market. Vladimir Putin’s invasion of Ukraine has posed several challenges for Western companies, with a growing list looking to exit Russia as international sanctions tighten. While Russian energy firms have not been sanctioned, a growing number of Western oil …
Read More »New natural gas transit agreement: Applying energy diplomacy in Iran’s foreign policy?
The recent agreement on the transit of Turkmen natural gas through Iran to Azerbaijan can be considered a successful form of energy diplomacy during the Raisi presidency. The recent agreement on the transit of Turkmen natural gas through Iran to Azerbaijan can be considered a successful form of energy diplomacy …
Read More »Will the energy crisis accelerate nuclear talks between Iran and the P4+1?
Iran’s energy, and especially its natural gas, will not have much potential to solve the global energy crisis, especially in Europe, and the energy crisis can not be used as a weapon by Iran to gain more concessions in the nuclear talks. As the world prepares to revive its economy …
Read More »Turkey-Azerbaijan Link Fuels Iran’s Gas Dilemmas
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 …
Read More »The future of Iran’s oil exports to China depends on a change in foreign policy
Considering the lack of interdependence in Iran-China relations, if a nuclear agreement between Iran and the US is reached, China will continue its relations with Iran in line with its national interests in increasing cooperation in the fields of the economy and energy. Reducing Iran’s role in the energy market …
Read More »The Brewing Sino-Indian Conflict Over Iran’s Chabahar Port
Chabahar port could become a significant commercial outlet serving these countries, and it could also prove quite lucrative for Iran, which has struggled to raise funds in the wake of oil and gas sanctions. Iran’s strategic, geopolitical, and geoeconomic position has been carefully scrutinized by major countries around the world. …
Read More »Iranian sanctions evasion and the Gulf’s complex oil trade
Sanctions have had a devastating impact on Iran’s oil production and exports, preventing much-needed investment in the country’s ageing fields and barring it from legally exporting crude oil to global customers. Using a range of evasion tactics, however, Iran has succeeded in circumventing sanctions and maintaining a steady — albeit …
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