It is not only the budget deficit that has challenged the 14th government in the first days of its work, but the energy crisis is the most important crisis of the economic team of Masoud Mezeshkian, which has involved all the pillars of the country's economy. From gas and its pricing to electricity and gasoline.
Russia has no intention for such cooperation because it basically does not have the necessary equipment for energy development. As a result of this situation and of course the weak domestic diplomacy, Iran has been practically pushed out of the oil and gas market.
According to experts, China is taking advantage of the risk of buying oil from Iran in the context of western sanctions against Tehran as a pressure lever to reduce the price and increase its bargaining power.
The latest OPEC monthly report showed that the price of Iranian heavy oil resumed its downward trend last month.
The development and exploitation plan of Somar, Saman and Delavaran oil fields and the development and stabilization of Abadan refinery capacity were reviewed and approved during the first meeting of the Economic Council in the 14th government.
The first vice president said: The growth of oil exports in the 7th annual development plan has been seen by 12% and the annual growth of the oil sector in the economy by 9%.
The CEO of the National Iranian Oil Company emphasized the need to speed up and increase the extraction from the Azadegan South joint field by the end of the year in a think-tank meeting with the senior managers of Arundan Oil and Gas Company.
Iran's policies for exporting oil and circumventing sanctions have found a more clever shape and form and new purposes for themselves.
Kepler data shows that China's oil imports from Iran this month reached a new record of 1.75 million barrels per day.
The National Oil Company is the most vital part of the Ministry of Oil and there is no room for trial and error. The consequences of ill-considered decisions in the National Oil Company will cost the life of a new minister.
