From dream to reality: Why didn’t China and Russia invest in Iran’s oil industry?

From dream to reality: Why didn’t China and Russia invest in Iran’s oil industry?

Iran's gas industry, as one of the main pillars of the country's energy supply, has faced serious challenges in recent years in attracting domestic and foreign investment. According to Morteza Behrouzifar, an energy expert, the misconception that was formed in previous governments about the transfer of capital and technology from countries such as China and Russia has given way to realism today, and these problems, which are mainly due to sanctions and the lack of technical and financial capacity of domestic companies, have jeopardized the development process and even the maintenance of production capacity.
China backs down; 30 million barrels of Iranian oil in the Malaysian Sea remain in limbo

China backs down; 30 million barrels of Iranian oil in the Malaysian Sea remain in limbo

The increase in Iranian crude oil storage in Malaysian waters and the reduction in Chinese imports from the country following severe US sanctions have presented serious challenges to the flow of Iranian oil trade. With more than 30 million barrels of oil accumulated in stranded tankers, Iran is struggling to protect its market from geopolitical pressures.