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Expert View
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Each day, thousands of barrels of crude oil and refined products cross the border into Iran from Iraq, primarily from the semi-autonomous region of Kurdistan. The proceeds from this trade are vital to the post-Saddam reconstruction of Kurdistan, and are equally as important for Iran, where the refining industry is struggling to produce enough fuel to meet the country's rapidly growing demand.
Published By Datamonitor
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29 Oct 2010 |
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Expert View
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The recent announcement by 15 gas-exporting states, including six of the world's top 10, revealing that they are to form a permanent organization intended to stabilize prices and monitor markets does not indicate that an OPEC-style gas cartel is any closer to becoming a reality. Still, Europe cannot afford to sit on its hands forever.
Published By Datamonitor
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06 Jan 2009 |
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Expert View
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Nabucco faces many difficulties, most significantly soaring construction costs and sourcing the gas. However, the EU ETS has the potential to make the project economically viable. Furthermore, Turkmenistan is showing signs of commitment to supply the pipeline, and although improved Western-Iranian relations are not on the horizon, Iran should be considered a viable supply solution in the long run.
Published By Datamonitor
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08 Oct 2008 |
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