Iran’s oil discount to China reaches its highest level in a year

Iran’s oil discount to China reaches its highest level in a year

As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.

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If the Strait of Hormuz is closed, who is the first victim?

If the Strait of Hormuz is closed, who is the first victim?

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.
From Qatar’s domination to Iran’s failure; The story of the failure of three projects of LNG

From Qatar’s domination to Iran’s failure; The story of the failure of three projects of LNG

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.
A fateful dilemma for Iran’s petrochemical industry: Focus on small units or refineries?

A fateful dilemma for Iran’s petrochemical industry: Focus on small units or refineries?

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.
Winter Fuel Supply Meeting; Full Preparation for Early Cold

Winter Fuel Supply Meeting; Full Preparation for Early Cold

A meeting to review winter fuel supply plans was held with the participation of the Minister of Oil and his deputies, with the aim of reviewing the latest necessary measures to ensure the sustainability of the country's fuel supply on the eve of the cold season; statistics indicate a significant increase in liquid fuel and natural gas reserves compared to the same period last year.
A fateful dilemma for Iran’s petrochemical industry: Focus on small units or refineries?

A fateful dilemma for Iran’s petrochemical industry: Focus on small units or refineries?

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.