The short 12-day war between Iran and the Zionist regime, contrary to predictions, failed to disrupt the global oil market. This event showed that the Middle East is no longer the only determinant of global oil prices. In an interview with Hossein Mirafazli, an energy expert, we examined this major transformation and the future of the energy market. He talks about the stunning growth of renewable energies, especially solar, and the world's reduction in dependence on oil, and believes that these changes will transform not only the energy market, but also global political and geopolitical equations. Is the era of the Middle East's oil monopoly over?
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.
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.
China's imports of Iranian crude oil fell last month, according to data firm Kepler.
Despite Trump's explicit threats and pressure from Washington, China and India continue to import cheap oil from Russia and Iran, a decision rooted in economic interests and an independent energy policy. Could this move pose potential risks for them from Trump?
The chairman of the National Development Fund's executive board said: "The National Oil Company directly and indirectly owes about $17 billion to the Development Fund."
The "Executive Plan for Transparency of Revenues and Expenditures of the National Iranian Oil Company," subject of Section 18 of Article 119, was discussed at today's meeting of the Steering Council of the Seventh Progress Program.
In response to US calls to stop buying oil from Iran and Russia, China's Foreign Ministry stressed that Beijing will not change its energy policy under external pressure.
Karun Oil and Gas Exploitation Company has taken a major step in increasing production capacity by implementing technical and operational reforms in upstream and downstream facilities, while stabilizing daily production of 55,000 barrels of crude oil.
The Deputy CEO of the National Iranian Drilling Company announced the drilling and completion of 48 oil and gas wells in the first four months of this year in the country's onshore and offshore areas.