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Russia and China have been bankrolling Iranian oil and gas projects for a while, but surprisingly, its regional rival Saudi Arabia has now also started investing in Tehran’s hydrocarbon industry ....
In July 2022, Iran and Russia signed a $40 billion memorandum of understanding to develop several large energy projects, but how much of this will actually translate into energy deals? ....
Repeated statements from high officials in Russia and Iran that both countries are “determined to strengthen cooperation in all sectors” could strengthen the position of both countries in global oil markets ....
The North and South Azadegan fields have become a core part of Iran’s strategy to ramp up crude oil production, and the country recently presented a $7 billion plan to develop this double-field oil site ....