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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Sanctions have failed to stop Iran’s oil exports

Sanctions have failed to stop Iran’s oil exports

Etemad Newspaper wrote in a report: Despite the wave of rumors and psychological warfare against the oil industry, informed sources emphasize that Iran's oil exports continue uninterrupted; an issue that shows that sanctions and media hype have failed to stop the country's oil sales cycle.
74% of Iran’s energy portfolio depends on gas

74% of Iran’s energy portfolio depends on gas

The CEO of the National Iranian Gas Company emphasized that the dependence of about 73 to 74 percent of the country's energy portfolio on natural gas is not seen anywhere else in the world, and said: "By increasing power plant efficiency, developing renewable energies, and increasing the efficiency of industrial equipment, the dependence of the country's energy portfolio can be gradually reduced."
Drilling of the second development well of the Yadavaran field completed

Drilling of the second development well of the Yadavaran field completed

The Deputy Managing Director of the National Iranian Drilling Company for Drilling Projects announced the completion of drilling operations for the second development well of the 6-well project in the Yadavaran joint field, saying: "After becoming productive, this well was handed over to the Petroleum Engineering and Development Company for exploitation."
Producing gasoline from methanol is not profitable

Producing gasoline from methanol is not profitable

The planning director of the National Petrochemical Company, emphasizing the focus on the downstream and reaching a capacity of 131 million tons by the end of the Seventh Plan, said that producing gasoline from methanol is not economically viable.
Major repairs of Ilam Petrochemical Plant successfully completed

Major repairs of Ilam Petrochemical Plant successfully completed

The CEO of Ilam Petrochemical Company announced the successful completion of the overhaul of various units of this complex and said: "This extensive operation was completed without any incidents, despite the increase in the volume of activities compared to last year."