Russian deputy PM Alexander Novak and Iranian petroleum minister Javad Owji at the Tehran Oil Exhibition
Letter from Iran: Tehran's dreams and Moscow's deceptions
Russia is making a show of support for Iran as the two nations strengthen their ties, but the promised investment may never materialise
While the Ukraine conflict has widened the rift between Russia and the West, a more nuanced transformation is unfolding across the Middle East's geopolitical landscape as a result of the war. Alongside its cautious rapprochement with the Gulf Cooperation Council, shared problems have pushed Iran into deepening its political and economic relations with Russia. Tehran and Moscow have not only expanded their military cooperation, but have also signed economic agreements in the energy and transport sectors. For its part, Iran perceives itself on the brink of realising its long-held aspiration of forging a strategic alliance with Russia and China. The reality is more complex, however. The severit
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
