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, …
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Iran’s Chamber of Commerce’s Energy Commission head, Arash Najafi, warns that the natural gas shortage not only affects many sectors but also threatens Iran’s oil fields. He emphasized that without re-injecting gas into oil deposits, some fields might become unproductive, leading to substantial economic losses for the country’s oil sector. …
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Iran’s semi-official Fars news agency has stated that Tehran envisions to boost its oil exports to Venezuela, with a target of 860,000 barrels per day within three years. This plan involves not only exporting oil but also repairing Venezuelan refineries to facilitate this export. The goal is to restore Iran’s …
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The recent agreement between the United States and Iran could portend well for regional security—or it could reinforce existing divisions and promote further escalatory behavior from each side, with significant economic consequences in either case. The recently announced prisoner swap between the United States and Iran has spurred debates about how it …
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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. …
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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 …
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As a “neutral” power seeking to distance itself from the Middle East’s various geopolitical rivalries, China has supported reconciliation and peace to stabilize its access to the region’s resources. The relationship between Iran and Saudi Arabia has been fraught with tension for decades, with each side accusing the other of interference in …
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In 1979, oil workers in Iran dealt a blow to the Pahlavi dynasty; now, instability in Iran’s energy sector could once again put tremendous pressure on the regime or lead to the fall of the Islamic Republic itself. Considering the central role of energy exports to Iran’s economy, the security …
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Iran can neither increase its oil and natural gas production capacity, nor attract the necessary foreign capital and technology for their expansion, without the lifting of sanctions. Thanks to a combination of Western animosity and Iran’s regional foreign policy, the country’s energy industry has faced ever more onerous sanctions in …
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Political and economic relations between Iran and Venezuela have grown over the past two decades. The South American country has the largest known oil reserves in the world but, despite being recognised as a leading economy on the continent for many years, Venezuela is a prime example of the “economic …
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