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.

Breaking News

Sabalan petrochemical production increases by 110 thousand tons annually

Sabalan petrochemical production increases by 110 thousand tons annually

The CEO of Sablan Petrochemical Industries, referring to the implementation of the plan to inject carbon dioxide into the methanol synthesis reactor of the factory with the ART reactor, said: it is estimated that with the implementation of this plan, the company's methanol production will increase by 110,000 tons annually, which will generate an income of 25 to 26 million dollars along with Will have.
Iran sanctions waiting for Venezuela?

Iran sanctions waiting for Venezuela?

Venezuela, having the world's largest proven oil reserves, is under US sanctions, resulting in difficult economic conditions. Of course, since last year, the Biden government reduced some of these oil sanctions on the condition of holding free elections. Now and after the recent events, there is a possibility that the Biden administration, fearing the increase in oil prices, instead of sanctioning this sector, will resort to sanctions similar to Iran, i.e. individuals and governmental institutions.
Attracting foreign investment by developing relations with neighboring countries

Attracting foreign investment by developing relations with neighboring countries

The head of Iran's Investment and Economic and Technical Assistance Organization found membership in the Shanghai and BRICS agreements to be effective in attracting foreign investment and added: A large part of the 11 billion dollars of foreign investment was attracted by the countries that are members of these agreements.
Power plant units were put on standby

Power plant units were put on standby

The CEO of the thermal power company stated that 6,000 personnel are on standby 24 hours a day in the power plant units and added: 48 power plant units have been built in the country in the last three years.