Forming a consensus to address energy (electricity) imbalances and help complete the petrochemical product chain

Forming a consensus to address energy (electricity) imbalances and help complete the petrochemical product chain

The memorandum of understanding to establish a joint venture to supply a 300-megawatt power plant between Iran's methanol giant and the country's largest utility company was signed at the Zagros Petrochemical Complex with the support of Dr. Shariatmadari, CEO of Persian Gulf Holding, and in the presence of Dr. Abbaszadeh, Deputy Minister of Oil and CEO of the National Petrochemical Company.
Indonesia auctions seized Iranian oil tanker

Indonesia auctions seized Iranian oil tanker

Indonesia auctions seized Iranian supertankerBloomberg reported on the auction of a seized Iranian supertanker in Indonesia. The ship was apparently carrying Iranian oil before it was seized.
Iran’s heavy oil price to drop by $10 in 2025

Iran’s heavy oil price to drop by $10 in 2025

According to OPEC, the average price of Iranian heavy oil in 2025 fell by more than $10 compared to last year, reaching $70.7; a trend similar to the OPEC oil basket, which has fallen by 30% over the last three years.