Iran exports millions of tons of methanol to China annually at a meager profit, while the country has created hundreds of times more value added by converting the same methanol into propylene, the “petrochemical caviar,” and has achieved 96 percent self-sufficiency in propylene production. An opportunity that Iran could have used to complete its petrochemical value chain by investing in domestic MTP units and move from selling crude to creating sustainable wealth.

In a statement, the National Iranian Oil Company said in a statement that the British Court of Appeal was confirmed to be confirmed by the London Oil Industry Pension Fund, the legal follow -up of legal and international paths to cancel the ruling was continuing.

Over the past years, and especially since June last year, we have been adopted by the law of Shipuct, but with the necessary measures we were able to virtually bypass the boycott and make oil sales favorable.

These cases continue to be; The second and third dimensions are still in the court and are being pursued. Our International Legal Department and our International Legal Center are being pursued in cooperation with ministries and related institutions.

In line with fulfilling its social responsibilities, the National Iranian Oil Company, in cooperation with the Imam Khomeini Relief Committee, distributed 45,000 packages of stationery and educational items among needy students.

The CEO of the National Southern Oilfields Company emphasized the need to conduct up-to-date assessments of recoverable reserves of oil and gas fields in order to plan more accurately and achieve the goals of the Seventh Development Plan.

A member of the Majlis National Security Commission still threatened to close the Strait of Hormuz, while such a speech may seem attractive to the general audience, in fact deepest disregard for Iran's economic and geopolitical realities. The key question is if the Strait of Hormuz really closes, who is most damaged? The answer is clear, Iran itself. Even if the country's oil exports reach 6,000 barrels a day, there is still no other way than to cross the same strait.

The Deputy Minister of Engineering, Research and Technology of the Ministry of Oil said: "Despite the existing problems, the plan to revive low-yield wells has been evaluated as an important step towards improving oil and gas production technologies."

The UK Court of Appeal rejected the National Iranian Oil Company's appeal and upheld the previous London court ruling on the confiscation of the NIOC House building.

A meeting to review winter fuel supply plans was held with the participation of the Minister of Oil and his deputies, with the aim of reviewing the latest necessary measures to ensure the sustainability of the country's fuel supply on the eve of the cold season; statistics indicate a significant increase in liquid fuel and natural gas reserves compared to the same period last year.