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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The reason for the continuation of Tehran-Beijing oil exchange

The reason for the continuation of Tehran-Beijing oil exchange

According to experts, the recent sanctions of the Biden government to put pressure on Iran's oil sales to China will not achieve the desired result of Washington due to the nature of the oil buyers as well as the strategic alliance between Iran and China.
Iran’s electricity consumption increased by 10%

Iran’s electricity consumption increased by 10%

The Director General of Energy Affairs and Customers of the Electricity Industry said: Last week, electricity consumption reached 70,550 megawatts, which shows a huge growth compared to the same period last year.
The lifting of sanctions on Venezuela threatens oil projects with Iran

The lifting of sanctions on Venezuela threatens oil projects with Iran

One year after the Iran-Venezuela cooperation agreement for the development of the country's oil and petrochemical industry, due to the change in Venezuela's political positions and the country's proximity to the United States, the possibility of the loss of cooperation between the two countries, especially in the field of oil and gas, has been strengthened.