China’s 13.6% dependence on Tehran’s oil
According to data received from tanker trackers, China imported an average of 1.38 million barrels of oil per day from Iran in the first half of 2025, equivalent to more than 13.6 percent of the country's total oil imports.
Global oil shock with closing the Strait of Hormuz; no one will be immune
A Russian official warned about the closure of the Strait of Hormuz that no one will be immune from this action.
Fear and flight of giant oil tankers from the Strait of Hormuz
Following the escalation of tensions between Iran and the United States, two super-heavy oil tankers named Coswisdom Lake and South Loyalty, each with a capacity to carry 2 million barrels of crude oil, changed their course near the Strait of Hormuz and retreated south.
Breaking News
Time to transfer fuel quota to bank card
The CEO of the National Petroleum Products Distribution Company announced the beginning of the process of transferring fuel quotas from smart fuel cards to personal bank cards and said: "According to the 1404 budget law, this plan must be implemented by the end of July."
Persian Gulf Petrochemical Industries’ support for domestic investments and projects
Persian Gulf Petrochemical Industries Company and the Petroleum Industry Research and Technology Fund signed a cooperation agreement to support the company's investments, domestic manufacturing projects, and knowledge-based and research activities.
7 Memorandum of Understanding with the University of Petroleum Industry for scientific and research development
The Petroleum Industry University signed seven memorandums of understanding with the aim of scientific development, research, and enhancing the university's position in the oil industry.
Bandar Imam Petrochemical, the country’s largest petrochemical company, is ready to enter the capital market
In order to accelerate the process of accepting Bandar Imam Petrochemical's shares in the capital market, a joint meeting was held with the presence of the CEOs of Bandar Imam Petrochemical, Iran's Farabourse Company, and Modabaran Eqtesad Investment Company.
National Refining and Distribution Company electrifies Tehran’s engines
The National Iranian Petroleum Refining and Distribution Company, in the role of the grand coordinator, is set to sign a memorandum of understanding to modernize Tehran's motor courier fleet in cooperation with the Ministry of Transportation, banks, municipalities, and online transportation platforms.
A Memorandum of Understanding (MoU) was signed between the Iranian Polymer Research Institute and Jampilen Petrochemical Company
The Iranian Polymer Research Institute and Jampilen Petrochemical Company signed a memorandum of understanding with the aim of developing scientific and technological cooperation.
Tripartite Memorandum of Understanding between the National Southern Oilfields Company, the MAPNA Group Consortium, and Ghadir Electricity and Energy Holding
The purpose of this memorandum is to study and develop new flue gas injection methods to increase recovery from the Paranj oil field in Khuzestan.
Production in oil fields drops by up to 60 percent!
The CEO of the National Southern Oilfields Company announced: "The longer the life of oil fields, the higher the natural decline in production; compared to the early 1990s, this decline has increased by about 60 percent."
Signing of a Memorandum of Understanding between the National Oil Company and Zagros to Control Flare Gases
A memorandum of understanding between the National Iranian Oil Company and Zagros Petrochemical Company for the implementation of the Salman platform flare gas collection project was held and signed on the last day of the International Oil Industry Exhibition.
Increasing gasoline production to 120 million liters per day
The head of the country's Oil Refining Association said: Iran's gasoline production increased from 107 million liters per day to 120 million liters per day in May.
