The CEO of South Zagros Oil and Gas Company, referring to more than three decades of production from the Nar gas field, said that with the implementation of the pressure boost project since year 2, more than 5 % of the gas has been produced and its conversion program is underway.
Despite the annual increase in China's crude oil imports in September, the country's imports declined compared to August, reaching the lowest level from the beginning of the year. At the same time, imports from Iran have also fallen to the lowest level since January.
Hassan Moradi, an energy expert, believes that the end of Iran's gas export contract to Turkey in 2026 could have economic and security consequences for the country. He emphasizes that Iran must use energy diplomacy and a smart approach to persuade Turkey to extend gas cooperation.
A few days ago, the Minister of Oil announced that two new layers of oil and gas were discovered during the drilling of the second well of the Pazan field, located on the border of the three provinces of Bushehr, Fars, and Kohgiluyeh-Bovir Ahmad. This news contains 5 basic points.
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.
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.
While Qatar has become the world's liquefied natural gas export giant using the South Pars joint field and has earned more than $ 5 billion in the year, Iran has failed with three huge gas liquid projects. Iran LNG, Pars LNG and Persian LNG's projects, which were supposed to be Iran's entry into the world market, were under pressure from sanctions and the withdrawal of foreign companies into semi -finished structures in Assaluyeh; An unfinished dream that has taken the opportunity to consolidate Iran's position in the global energy industry.
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.
Iran's petrochemical industry is at a strategic crossroads: developing huge mega-plants for global competition or focusing on small and medium-sized units to meet domestic needs? Mohsen Ansari, an expert in the petrochemical industry, says in response to this question: Both paths have their advantages, but ignoring new global technologies such as COTC could jeopardize Iran's export position.
As the trigger mechanism becomes approaching and the return of international sanctions, the issue of the impact of these sanctions on Iranian oil exports has been hot again. "The activation of the trigger mechanism usually increases the risk of sanctions, and in the Iranian market, instead of raising prices, it appears more discounts than oil indicators," says energy expert Abdullah Babakhani.
