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Strategic cooperation of Iran at the regional level: enduring the US sanctions and reviving the oil and gas industry

Author

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  • Ceyhun Mahmudlu
  • Sang Yoon Shin

Abstract

Iran intends to alleviate the damage caused by the hostile relationship with the USA. As one way of the efforts, this research focuses on Iran's oil and gas cooperation with neighbouring countries, specifically those in the Middle East, the Caucasus and Central Asia. The analysis draws three conclusions depending on the theoretical framework of energy geopolitics. First, the efforts of Iran to overcome the situation have not been successful, combined with low oil prices by 2020. Second, Iran emphasises transportation as well as trade in its oil and gas cooperation with neighbouring countries. Finally, regional cooperation will bring substantial benefits to Iran in both economic and geopolitical aspects, working as a platform for increasing its undervalued influence at the global level.

Suggested Citation

  • Ceyhun Mahmudlu & Sang Yoon Shin, 2022. "Strategic cooperation of Iran at the regional level: enduring the US sanctions and reviving the oil and gas industry," International Journal of Diplomacy and Economy, Inderscience Enterprises Ltd, vol. 8(2), pages 190-208.
    • Handle: RePEc:ids:ijdipe:v:8:y:2022:i:2:p:190-208
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