Rival transit corridor projects have centered on the South Caucasus as it becomes more and more important in connecting Europe and Asia. These corridors serve as hubs for international trade integration, regional stability, and economic progress in addition to being routes for transit. The Zangezur Corridor is unique among these …
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The following article is based on research conducted under the State Department’s Title VIII Fellowship, for the Black Sea Program at MEI. During summer 2024, the author traveled to Baku and Karabakh and interviewed 15 policymakers from various government ministries, the private sector, academia, the parliament, and energy agencies. Azerbaijan …
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On July 21, 2024, Baghdad inaugurated a new power line connecting Turkey and Iraq to handle Turkish electricity imports. This 115-kilometer (71-mile) transmission line is expected to deliver 300 megawatts of energy to a power station west of Mosul with the aim of supplying northern Iraq, including the regions of Nineveh, Salahuddin, and …
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Dr. Umud Shokri,Dr. Serhat Suha Cubukcuoglu,Sultan AlRubaei Amidst rising tensions and disruptions to maritime trade along the Mediterranean-Indian Ocean route, another trade corridor that roughly coincides with the ancient Silk Road has once again heightened in importance: The Middle Corridor, also known as the Trans-Caspian International Transport Route (TITR), is …
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To advance its ambitious Development Road project, Iraq must navigate several obstacles, including inadequate infrastructure, corruption, security concerns, and a delicate geopolitical position. Last month, after Turkish President Recep Tayyip Erdogan visited Baghdad, Iraq announced that it would join the region-wide “Development Road” project, which will link the country with Qatar, the UAE, and …
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Beset by an unprecedented domestic energy crisis, Iran has sought to cement foreign energy deals and investment, to varied success. Though the country faces a raft of international sanctions and several major geopolitical hurdles, Iran’s oil and gas sector has seen a significant expansion in recent months—a period of growth marked by …
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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 Gaza-Israel conflict has significant implications for Iran’s already strained economy, characterized by currency devaluation, reduced government revenues, and high inflation. Iran’s involvement in the regional conflict hinders its economic growth efforts, further reduces the value of the Iranian rial, and decreases government income. Additionally, it has worsened economic problems such as …
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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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