Despite the fact that at least five development programs of the country have explicitly recommended to increase the recovery rate of oil and gas wells, but none of the governments that are required to implement these programs have taken effective measures in this regard.
The fifth nationwide gas transmission pipeline was connected to the entrance of South Pars Phase 14 refinery in order to increase production.
In recent years, by creating a stable commercial structure, Iran has been able to increase the annual export of petrochemical products to Brazil to 1.5 million tons. This success is based on the characteristics that can be extracted and formulated into an operational model for business with other target countries. One of the good events of recent years in the field of petrochemical trade has been the export of a significant amount of urea fertilizer to the Brazilian market since 2019.
Recent developments show that the pressure on the government of Pakistan from the public opinion and also the opposition of this country to bring the gas project with Iran to a conclusion is increasing.
According to the prediction of a 15% increase in Arbaeen Hosseini trips, it is expected that we will have a 9% increase in gasoline consumption.
Increasing oil production capacity is defined as one of the key plans of Mohsen Paknejad, the proposed minister of the Ministry of Petroleum.
Expectations from the proposed oil minister should be accompanied by a realistic look at solving major challenges such as disagreements and the need for large investments. Certainly, the success of the oil minister, who plays a key role in the economy, directly depends on the coordination and cooperation with other ministers, taking into account the economic and social conditions.
Recent data shows that Europe's LNG imports will decrease in 2024 and increase through the pipeline, which is a good opportunity for Iran to activate its energy diplomacy.
The hardworking personnel of the pipeline repair unit of Arundan Oil and Gas Company are working in the heat of over 50 degrees in Khuzestan.
While the forecast of OPEC and other reputable global institutions report a decrease in oil demand from China, Iran's oil sanctions are still in place. Forecasts indicate that if China's demand continues to decrease, oil purchases will also decrease, and this is a threat to Iran's oil revenues.
