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
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.
The confiscation order for the Oil Fund building in London in favor of Crescent was finalized and confirmed
The UK Court of Appeal rejected the National Iranian Oil Company's appeal and upheld the previous London court ruling on the confiscation of the NIOC House building.
Breaking News
Completion of drilling of the first development well in the Yadavaran field
The Deputy Managing Director of the National Iranian Drilling Company for Drilling Projects announced the completion of drilling operations and the completion of the first development well of the 6-well project in the Yadavaran oil field using the Fatah 92 drilling rig.
From billion-dollar investment to production halt; why did Gachsaran Petrochemical plant go bankrupt?
Gachsaran Petrochemical, a huge project with a billion-dollar investment that was supposed to produce one million tons of ethylene annually and feed four other petrochemical units, was halted and suffered losses after its early launch, despite the 13th government’s haste to complete it, due to lack of coordination in planning and lack of consumers. The petrochemical plant had drawn criticism from the National Petrochemical Industries Company, claiming that NPC was one of the factors that put Gachsaran in this situation. However, Saeed Baghbani, the director of production control at the Petrochemical Industries Company, denies these claims.
What impact does the government’s pricing of special refining products have on refineries?
Refining industry experts warn that government intervention in pricing special products threatens the future profitability of refineries. According to refining industry expert Mehdi Mohseni, experience has shown that mandated pricing not only suppresses production, but also erodes industries' profit margins and creates the basis for rents.
Increase in petrochemical industry capacity by 35 million tons with the implementation of 66 development projects
Announcing an increase of 35 million tons in the petrochemical industry capacity by implementing 66 development plans in the Seventh Development Plan, the Planning and Development Manager of the National Petrochemical Company said: "In addition to increasing production capacity, completing the value chain with the aim of reducing dependence on exports of basic products is targeted in this plan."
The demands of the Ministry of Oil and the Central Bank from Babak Zanjani have not yet been received
An official rejected Babak Zanjani's claim that his debts had been settled and his indebtedness ended, saying: "Zanjani has only paid $15 million of the $1.8 billion debt to the Central Bank."
Carrying out major repairs at the mobile gas collection center
Major repairs to the Amak Gas Collection Center are being carried out as part of one of the most important environmental projects in the oil industry, with the aim of reducing flaring and optimizing the use of hydrocarbon resources. In addition to preventing the emission of pollutants, this project provides valuable feedstock for petrochemical and refining units and is an effective step on the path to sustainable development and environmental protection.
Crude oil sales and gasoline imports: Signs of Iran’s chronic economic illness
Hedayatullah Khademi, an energy expert, said: "We are a country that sells both crude oil and imports gasoline. Instead of trying to convert oil into more valuable products, we sell it raw and cheap. No matter how much oil China and the United States have, they buy several times more of it from abroad to convert it into a valuable commodity; but today we see that our country has been worn out in all areas of infrastructure and economy."
The End of the Middle East’s Monopoly on the Oil Market: Lessons from the 12-Day War between Iran and Israel
The short 12-day war between Iran and the Zionist regime, contrary to predictions, failed to disrupt the global oil market. This event showed that the Middle East is no longer the only determinant of global oil prices. In an interview with Hossein Mirafazli, an energy expert, we examined this major transformation and the future of the energy market. He talks about the stunning growth of renewable energies, especially solar, and the world's reduction in dependence on oil, and believes that these changes will transform not only the energy market, but also global political and geopolitical equations. Is the era of the Middle East's oil monopoly over?
Saving water with advanced technology; Isfahan refinery’s green step in the midst of crisis
The project manager of Isfahan Oil Refining Company announced the company's long-term commitment to reducing water consumption by implementing a plan to recover ultra-saline water, and said: "The plan to install a "CCRO" package on the return path of the waste water from the Hero unit of Isfahan Oil Refining Company is underway."
Record-breaking gas consumption in power plants; 312 million cubic meters recorded in one day
The record for daily gas consumption by power plants was broken in the week ending August 8, and on Monday (August 4), the highest consumption was recorded, with 312 million cubic meters.
