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Abstract

In late March 2021, China and Iran signed a cooperation pact to stimulate investments in Iran’s oil, gas and petrochemical infrastructure. We refer to this pact as the ‘Iran-China deal’ throughout this manuscript. This deal attracted substantial attention for its effects on global oil markets and the geopolitics of the region. Reports suggest that China may invest as much as $400 billion in Iran’s infrastructure and oil sector over 25 years owing to the deal. In exchange, Iran will supply oil to China at below-market prices.

Authors

Emre Hatipoglu

Research Fellow Emre Hatipoglu is a research fellow in the Policy and Decision Science program and leads the research project on Energy… Emre Hatipoglu is a research fellow in the Policy and Decision Science program and leads the research project on Energy and Geopolitics. In this project, Dr. Hatipoglu and his colleagues assess how political events (e.g., international conflict, economic sanctions, international treaties) and global energy markets interact. Prior to joining KAPSARC, Dr. Hatipoglu was associate professor at the Faculty of Arts and Social Sciences, Sabanci University in Istanbul and a member of the advisory board of the Sakip Sabanci Center for Turkish Studies at Columbia University between 2016-2018. His work has been published in various scientific journals, such as the Journal of Politics, Foreign Policy Analysis, International Studies Perspectives, and Defence and Peace Economics, among others. He is assistant editor for the journal Energy Transitions and serves on the editorial board of the International Studies Review.      

Expertise

  • Geopolitics of Energy
  • Economic Sanctions
  • Political Events and Energy Markets

Publications See all Emre Hatipoglu’s publications

Majed A. Al Suwailem

Research Fellow Majed is a research fellow at KAPSARC with a focus on energy security, oil trade, and market structure. He has… Majed is a research fellow at KAPSARC with a focus on energy security, oil trade, and market structure. He has more than 15 years of experience in the oil and gas industry in the fields of simulation and modeling, asset management, oil field development, disruptive technologies, and business planning, gained at Chevron and Saudi Aramco. Majed holds a B.S. degree in petroleum engineering from the University of Tulsa in the United States, along with two M.S. degrees in petroleum engineering, and reservoir geosciences and engineering from Texas A&M University and the Institut Francais du Petrole (IFP School), respectively. He is currently pursuing his postgraduate studies in public policy economics and policy from Purdue University.  

Expertise

  • Energy Security
  • International Trade
  • Market Structure

Publications See all Majed A. Al Suwailem’s publications

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