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Innovative EOR Potential in Iran
Enhanced Oil Recovery (EOR) techniques have become indispensable in the global oil industry, particularly as conventional oil reserves dwindle and the energy demand continues to rise.
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AI and Its Impact on the Energy Sector
Artificial Intelligence has emerged as an important technology that is transforming the energy sector in a way probably never been experienced before. Innovations in AI are taking place quite rapidly, and new horizons and changes are virtually on a daily basis. AI was earlier thought to have much to do with the renewable sources of energy, but in recent times, it is increasingly penetrating the conventional energy sector as well.
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Iran Shale Oil Recovery Know-how
SHANA (Tehran) –The Directorate of Exploration of the National Iranian Oil Company (NIOC) has embarked on centralized studies over recent years to explore unconventional resources.
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Sino-US Tariff War Impact on Oil/Gas
SHANA (Tehran) - A trade war between the United States and China, the world’s top economies, has intensified over recent years. The latest indication is mutual sharp import tariff hikes. China has vowed to fight to the end in the face of US bullying, taking countermeasures against President Donald Trump’s administration.
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Venezuela Energy Supply and Exports
SHANA (Tehran) - Venezuela was once a prominent oil market player in the world. For years, it has been experiencing a sharp decline in its energy supply due to political tumults along with economic mismanagement and international sanctions. By late 2024, the oil and gas production outlook in Venezuela indicates an intertwined layer of challenges and gradual improvement, impacting both local affairs and exports.
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Oil Nationalization, a Beginning for Modern Iran
SHANA (Tehran) – As public protests against the Iran-Britain Oil Concession gathered steam and Mohammad Mosadeq led a parliamentary campaign relying on popular support, the Iranian petroleum industry was nationalized in March 1951, immediately after which Anglo-Iranian Oil Company (AIOC) was expropriated.
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Energy Market Outlook in New Syria
SHANA (Tehran) –Since the early 2000s, the Syrian energy market has experienced significant development with some turning points in 2011 and afterwards. Primarily characterized by relative self-sufficiency and export capabilities, the market is now known for its sharp decline, dependence on foreign countries, and paralyzing sanctions.
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An Eight-Year Success Story
OPEC+ Market Stabilization Efforts
SHANA (Tehran) –The dawning of the year 2025 marked a significant anniversary in the history of the global oil industry, for it was eight years ago, in January 2017, that the ‘Declaration of Cooperation’ (DoC), signed between OPEC and 10 non-OPEC oil-producing countries became operational.
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Mideast Impact on Energy Market
SHANA (Tehran) – The Middle East’s geopolitical outlook has significantly impacted global energy developments due to the crucial role of the region in oil and gas production.
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US Bigger Role in Europe Energy Supply
SHANA (Tehran) – The Nord Stream 2 pipeline was designed to transmit natural gas directly from Russia to Germany, cutting through the Baltics.
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Global Oil Market in 2024: Uncertainty and Volatility
SHANA (Tehran) – The global oil market is a dynamic and complex arena influenced by various factors such as geopolitical tensions, technological advancements, environmental concerns, and shifting consumer preferences.
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If oil disappeared tomorrow….
If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded. Freight and passenger rail powered by diesel would halt. People could not get to work; children could not get to school. The shipping industry, transporting both freight and passengers, would be devastated.
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Oil security: Vital for all
We took note of the International Energy Agency (IEA) reaffirming the significance of oil security to energy transitions in its most recent commentary: ‘A strong focus on oil security will be critical throughout the clean energy transition’.
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Oil demand growth slowing as non-OPEC supply expands, says IEA
Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on as it trimmed its 2024 growth forecast, in sharp contrast to the view held by producer group OPEC.
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Red Sea turmoil is the only thing keeping oil prices as high as they are
The attacks on ships in the Red Sea are a big geopolitical headache, and an economic one, too, as the chaos bleeds into markets by disrupting shipping flows and stoking inflationary pressure.
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A history of ‘unrealized’ peaks
The idea of oil supply peaking, or so-called peak oil, surfaced as early as the 1880s, with some predicting a looming exhaustion in the US due to the demise of the Pennsylvania oil fields. US and global oil production, however, was still increasing over 70 years later, when the ‘peak oil theory’ of geologist Marion King Hubbert gained traction in 1956.
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Iran and energy transmission
Iran’s geographical position has historically been a key factor in boosting the country’s standing. Iran has always been known to connect the West and the East as well as the North and the South. Historical records also show Iran’s important role in international trading in different periods, the most important of which has been the Silk Road.
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UAE and renewables; ambitions and challenges
Over recent years, investment in the renewable energy sector has increased across the globe. In the meantime, the Persian Gulf oil exporting nations, which have always relied on exporting energy, have adopted a new approach and formulated comprehensive plans to reduce carbon emissions and increase the share of renewables in their energy mix. The United Arab Emirates (UAE), a Persian Gulf littoral state and a key OPEC member country, has invested heavily in all sectors of the energy industry in recent years. In addition to reducing its dependence on non-renewable energy, the UAE is seeking to improve its position in international for a and present an environmentally friendly image of itself.
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OPEC+ heavyweights join hands to stabilize oil market
International oil markets were caught by surprise when the OPEC+ ministers unanimously approved the production cut initiated by Saudi Arabia and Russia to continue curbing output. The move was further strengthened in mid-July 2023 when OPEC+ ministers met and reaffirmed their commitment to work an output management that would lead to a stable market and adequate supply of oil for the consumers. Major market players; companies, hedge fund managers, and Central Banks welcomed the decision and agreed that upon full recovery of the demand side from the pandemic, markets would welcome back the OPEC+ to retain its traditional role as the energy Central Bank of the world.
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BRICS membership boosts Iran’s bargaining power
The BRICS group of nations recently decided to invite six countries – Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates – to become new members of the bloc. The debate over expanding the BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, topped the agenda at a three-day summit held recently in Johannesburg. One may wonder how China and Russia have been instrumental in this decision. Mohammad Sadeq Jokar, the head of the Institute for International Energy Studies (IIES), tells “Iran Petroleum” that Iran’s BRICS membership would chiefly bolster Iran’s international haggling power. The following is the full text of the interview:
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Kuwait energy outlook; impossible ambitions
Kuwait’s ambitious development plan “Vision 2035” is aimed at transforming the country into a globally important financial and trade center to attract domestic and foreign investment. At the frontline of Vision 2035, lies the Silk City project to which 250 square kilometers of land has been allotted in northeastern Kuwait with an estimated investment of $86 billion over a 25-year period.
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Energy in Kenya; Iran opportunities
Kenya is at the crossroads of East Africa, which has in recent years developed its economic service sector and made significant progress in the use of modern technologies. Although more than one-third of the country’s 46 million people still live below the poverty line, the middle class that has emerged in recent years accounts for three-fourths of GDP growth. The middle class also represents the country’s major energy consumer. The remarkable point about Kenya’s energy sector is its investment in renewables. Currently, more than 75% of the energy consumed in Kenya is supplied by renewables, which mainly include geothermal energy and hydroelectricity. The Kenyan government plans to switch to 100% clean energy by 2030. Kenya’s goal in its Vision 2030 plan for the energy sector is to increase investment in renewables.
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Head of OPEC warns of a ‘dangerous’ lack of investment in oil
The head of the Organization of the Petroleum Exporting Countries – a group of the world’s major oil producers – told CNN that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a barrel.
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Iran-Saudi détente a positive step in increasing cooperation: Analyst
SHANA (Tehran) – An expert in international relations has described the rapprochement between Iran and Saudi Arabia as a positive step toward promoting cooperation.
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US SPR release; opportunity or challenge?
Ever since the outbreak of the war in Ukraine, global markets have been largely affected in various economic sectors as Russia, a top producer of fossil energy in the world, was slapped with Western sanctions, forcing the Kremlin to reconsider its oil and gas sales to certain states. While many expected the continued war to drive global energy prices up, a variety of measures including tapping strategic reserves by some countries like the United States did avoid any sharp price hike. However, it seems that the long-term use of this policy would not affect global markets and would instead affect the US domestic atmosphere in the run-up to the next presidential election.
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Arash gas field issue to be settled through political talks: Analyst
SHANA (Tehran) – A senior expert in West Asia affairs is convinced that the dispute over the Arash gas field, known as Al-Dorra in Kuwait and Saudi Arabia, will be resolved through holding political negotiations and reaching an agreement.
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OPEC statement on peak fossil fuel demand
On the International Energy Agency’s recent Op-Ed published on 12 September 2023, asserting that fossil fuel demand would peak before 2030, OPEC notes that consistent and data-based forecasts do not support this assertion.