Amirkabir Petrochemical Complex, one of Iran’s industrial companies in the Bandar-e-Imam Petrochemical Special Economic Zone, plays a key role in supplying raw materials to domestic industries and exports with an annual production of more than 1.5 million tons of petrochemical products. Established in 1998, the complex is today known as one of the most diverse polyethylene producers in the country.
The increase in Iranian crude oil storage in Malaysian waters and the reduction in Chinese imports from the country following severe US sanctions have presented serious challenges to the flow of Iranian oil trade. With more than 30 million barrels of oil accumulated in stranded tankers, Iran is struggling to protect its market from geopolitical pressures.
Referring to the signing of a public-private partnership agreement to complete the Tabas Thermal Power Plant, the CEO of the Thermal Power Company said: "This will be a major step towards exploiting this project and diversifying the country's portfolio of energy carriers and primary sources of electricity production."
The CEO of the Greater Tehran Electricity Distribution Company said: "This summer, the capital experienced one of the most effective periods of transition from peak electricity consumption to date by implementing smart consumption management plans, equipping high-consumption subscribers with smart meters, and effective subscriber participation."
China's imports of Iranian crude oil fell last month, according to data firm Kepler.
Despite Trump's explicit threats and pressure from Washington, China and India continue to import cheap oil from Russia and Iran, a decision rooted in economic interests and an independent energy policy. Could this move pose potential risks for them from Trump?
The chairman of the National Development Fund's executive board said: "The National Oil Company directly and indirectly owes about $17 billion to the Development Fund."
The "Executive Plan for Transparency of Revenues and Expenditures of the National Iranian Oil Company," subject of Section 18 of Article 119, was discussed at today's meeting of the Steering Council of the Seventh Progress Program.
The deputy head of Site 2 of the South Pars Gas Complex announced the successful implementation of major repairs at the refineries of this site and said: "This operation, relying on local technical knowledge and equipment, is an important step in increasing the productivity and sustainability of natural gas production."
In response to US calls to stop buying oil from Iran and Russia, China's Foreign Ministry stressed that Beijing will not change its energy policy under external pressure.
