Western media claims that sanctioned tankers are banned from entering Shandong, China, appear to be largely influenced by the country's economic developments and the decline in the activity of small refineries and major buyers of Iranian and Russian oil.
The CEO of the Iranian Gas Transmission Company stated that the excessive growth in gas consumption has put pressure on the transmission network, and added: "To ensure a stable supply of gas, emergency measures have been taken and we have put turbocompressors into service, which carries risks."
The Secretary General of the Iranian Petrochemical Industries Employers' Association said: "So far, we have given about $8.5 billion to the foreign exchange system."
A group of journalists from the country's media attended the Qom gas pressure boosting facility and were closely informed about the gas transfer process, the efforts and labors of the employees of this large operating company in the three operational areas and the Qom facilities.
The Turkmenistan-Iraq gas agreement for annual exports of 10 billion cubic meters via Iran reflects Iran's strategic role in transiting Turkmen gas, especially to Europe.
According to the National Iranian Oil Company, the price of Iranian light oil in January 2025 for supply to the Asian market will be $1.35 higher than the base price (Oman/Dubai crude oil price).
Not long ago, Iranian methanol producers raised the issue of producing gasoline from methanol.
Emphasizing the strategic position of the Kharg Oil Terminal, the CEO of the Iranian Oil Terminals Company introduced transformation and innovation as the company's main strategies, and considered special attention to human resources as the key to development and improving productivity.
During a ceremony to address the gas imbalance crisis, the National Petrochemical Company and Zagros Petrochemical Company signed a memorandum of understanding. The aim of this memorandum is to reduce gas consumption by 10 percent in the domestic and commercial sectors and increase the share of gas allocated to the petrochemical industry, which could lead to increased production and foreign exchange earnings. This is while the petrochemical industry is facing challenges such as gas outages at 12 petrochemical plants and feed shortages.
The Deputy Minister of Oil for Gas Affairs said: "According to the predictions made on Thursday and Friday this week, gas consumption will peak, which shows the need for consumption management."
