Will $87 billion in lost rig money be returned to Iran?

Will $87 billion in lost rig money be returned to Iran?

It might not be wrong to claim that the 1990s were one of the most corrupt decades in Iran's oil history. The decade in which the massive Petrochemicalgate corruption scandal was revealed was close to the same years in which the issue of missing oil rigs became a subject of black satire.
Gas outage reduces petrochemical exports by $1.3 billion

Gas outage reduces petrochemical exports by $1.3 billion

Referring to the gas outages of some petrochemical companies, the Secretary General of the National Petrochemical Industries Employers Association said: "Unfortunately, this issue has put pressure on production and we predict that our exports will decrease by at least $1 to $1.3 billion compared to last year." Recently, the CEO of the National Petrochemical Company announced that the Central Bank has allowed 50 percent of the foreign exchange earned from the export of petrochemical products to be invested in the petrochemical companies themselves.
Importance of GECF meeting in Tehran; Gas market awaits exporters’ decision

Importance of GECF meeting in Tehran; Gas market awaits exporters’ decision

Importance of GECF meeting in Tehran; Gas market awaits exporters' decision. Considering the estimated increase in gas demand in the short and medium term, especially in Europe, the Gas Exporters' Forum meeting was held in Tehran with a focus on increasing production and is expected to have an impact on the gas production and trade process.
20% increase in domestic gas consumption

20% increase in domestic gas consumption

66 percent of the natural gas delivered to the national network yesterday (December 6) was allocated to the domestic, commercial, and small industrial sectors, which is a 20 percent increase compared to the same day last year.
Operation of 3 associated gas collection projects by the end of the year

Operation of 3 associated gas collection projects by the end of the year

The head of the Environmental Protection Agency stated that desirable measures have been taken to reduce pollutants resulting from burning gas in flares in the oil-rich areas of the south, and said: "Achieving the desired result requires further follow-up and appropriate and rational timing."
Blackout disaster: 60% of power plant fuel is wasted

Blackout disaster: 60% of power plant fuel is wasted

Despite widespread blackouts in many cities across the country, shocking statistics have been released stating that 60 percent of power plant fuel is wasted. This is while our country is facing a severe energy shortage. But why is a huge amount of fuel being wasted despite all this shortage?