Analytical Report: 'Energy Transition' and Iran's Future Position in the Global Energy Arena

The Open Data Iran database has identified the 'lack of attention by the Iranian government to changes in energy resources' as one of the main causes of the serious vulnerability of Iran's economy. Meanwhile, other fossil fuel-exporting countries have made significant investments to create renewable energy infrastructures. According to this report, the transition to sustainable and renewable energy sources, particularly in OECD countries, which include most European countries, North America, South Korea, Australia, and Japan, is underway. This action not only increases the energy security of these countries but also reduces the negative environmental impacts of climate change. Iran has the largest combination of oil and gas reserves in the world, and according to the Open Data Iran research, these resources have been key to the survival of the Islamic Republic during the peak of sanctions. The Open Data Iran database has examined each of these four countries in order: 1. Iran: Although Iran has the largest oil and gas reserves in the world, it has been isolated from major energy markets for years due to international sanctions. 2. Venezuela: Although Venezuela's oil production has decreased in recent years due to ineffective management and lack of foreign investment, it is still recognized as a country with one of the largest oil reserves in the world. Until recently, this country was under U.S. sanctions, and thus, Venezuela's problems with oil exports and updating its old oil and gas infrastructure bear similarities to those of Iran. 3. Saudi Arabia: Among these four countries, Saudi Arabia has the best relations with the West. However, relations between Saudi Arabia and the United States have not been very close in recent years. With the reduction of U.S. dependence on imported oil, Saudi Arabia has focused on the East, especially China. 4. Russia: This country was a supplier of energy to Europe until February of last year. However, Russia's military invasion of Ukraine caused EU leaders to source their energy programs from other suppliers. Nevertheless, according to Open Data Iran, these four countries share a common feature: the increasing 'political and economic relations with China.' According to this report, 'just five years ago,' it was unimaginable that China would play the role of 'peace broker between Iran and Saudi Arabia' and sideline the West. China is also the largest buyer of crude oil, LPG, and petrochemical products from Iran and the main destination for Venezuela's crude oil. This article is based on the report from Open Data Iran. The continued decline of indices in the Tehran Stock Exchange; the government's 'serious bottleneck' in budget provision. Europe's efforts to impose new sanctions against Russia; Iranian and Chinese companies are also involved. The Union of Oil Sellers of Pakistan: More fuel is being smuggled from Iran. Iran has transferred seized oil tankers to 'south of Bandar Abbas.' The ongoing challenge of currency transfer; the Central Bank of Iraq does not allow the transfer of dollars to Iran. The U.S. has seized 13 internet domains used by Hezbollah in Lebanon. The introduction of the Riyadh ambassador in Tehran coincides with the visit of the Iranian Minister of Economy to Saudi Arabia. The UAE signed three nuclear agreements with China. The IRGC seized an oil tanker in the Persian Gulf. Turkmenistan's gas exports to Pakistan; the 'gas dream' of Iran has gone up in smoke.