The World Bank says that nearly 30 billion cubic meters of gas produced from Iran’s oil fields were flared and wasted at the production stage last year. This amount is equivalent to more than 10% of the country’s total gas production and also equals 65% of Iran’s total residential natural gas consumption last year. According […]
Iran Flared 30 bcm of Gas, Equivalent to 65% of Residential Consumption Read More »
The latest Statistical Review of World Energy published by the Energy Institute paints a troubling picture of Iran’s energy sector: a country with some of the world’s largest oil and gas reserves is increasingly struggling to meet its own energy needs. The report shows a sharp slowdown in the growth of electricity generation and natural
Iran’s energy growth slows to a crawl as demand races ahead Read More »
When Israel launched retaliatory strikes against Iranian targets on June 8, 2026, following missile attacks by the Islamic Republic, much of the attention focused on military installations and infrastructure linked to Iran’s security apparatus. Yet among the targets, one facility attracted attention inside Iran: the Karun Petrochemical Complex in the Mahshahr Special Economic Zone in
Why Israel Targeted Iran’s Karun Petrochemical Complex Read More »
The agreement between Tehran and Washington holds out the prospect of sanctions relief and potentially unprecedented foreign investment, but many of its economic promises remain uncertain and some may prove difficult to deliver even if negotiations succeed. The relative strengthening of the Iranian rial suggests the agreement has already had a positive psychological impact. The
Iran may get a lifeline, but major obstacles remain Read More »
Iran forfeited roughly $540 billion in oil export revenue between 2012 and May 2026, the period defined by successive rounds of Western sanctions on its energy sector. That gap works out to $6,000 for every Iranian citizen, or $24,000 for a household of four, equivalent to 1,950 days of work at the minimum wage. An
Iran Lost $540 Billion in Oil Revenue Since 2012 Sanctions Read More »
Iran’s imports of services surged to a record $25.5 billion in 2025 while merchandise imports fell sharply, according to newly released data from the Central Bank of Iran, highlighting a significant shift in the country’s trade structure. Services imports accounted for roughly one-third of Iran’s total imports during the year, an unusually high share for
Iran’s services imports surge as goods trade slumps Read More »
New data released by Iran’s Central Bank show that despite recording a trade surplus of nearly $27 billion in 2025, the country experienced a capital account deficit of roughly the same magnitude. In practical terms, Iran lost around $27 billion through capital flight last year alone—equivalent to approximately 8 percent of the country’s gross domestic product. The figure
Iran’s Capital Flight Has Surged 4.5-Fold in Five Years Read More »
Iranian Vice President says damage to the country’s gas infrastructure during the 39-day war has more than doubled Iran’s gas deficit. Esmail Saqqab Esfahani said that during the recent war, the country’s gas infrastructure suffered a loss of 55 billion cubic meters, reducing annual production from 297 bcm to 242 bcm annually. According to him,
Did the War Cause Iran’s Gas Deficit to Double? Read More »
Author: Dalga Khatinoglu/The Islamic Republic of Iran’s disruption of oil tanker traffic through the Strait of Hormuz has not only triggered a surge in oil prices and reduced China’s crude oil imports, but has also severely affected Beijing’s non-oil trade with Arab Gulf countries.China is the largest trading partner of the member states of the
Major Disruptions Hit China’s Trade with Gulf Arab States Read More »
New shipping and energy market data indicate that Iran’s oil sector is facing its most severe disruption in years. Not only has the transit of Iranian crude through regional waters effectively come to a halt over the past six weeks, but China—the Islamic Republic’s sole major oil customer—also has steadily reduced its purchases of Iranian
Iran’s Oil Production and Exports Enter a Steep Decline Read More »
