Showy MoUs Have Grounded Iran LNG Project

Showy MoUs Have Grounded Iran LNG Project

The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.

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China’s oil investment in Iraq instead of Iran

China’s oil investment in Iraq instead of Iran

Chinese investment in Iraq's oil industry has reached 10 billion dollars, while this country, which is the largest buyer of Iranian oil and has a 25-year cooperation agreement with Iran, does not actively invest in any of the projects of Iran's oil industry.