The Yellow Dragon’s Addiction to Iranian Oil / Billion-Dollar Savings for Chinese Refineries
Estimates by the Kepler Institute show that China purchased over 80% of Iran's exported oil in 2025, with daily imports averaging around 1.38 million barrels, equivalent to approximately 13% of China's total seaborne oil imports.
Member of the European Parliament: Trump is after Iran’s oil
Mantro stated at the European Parliament meeting with the EU's Foreign Policy Chief, Kajsa Kallas, that Trump is after Iran's oil.
Transfer of 12% of the country’s crude oil processing to the private and non-governmental sector
The investment and business manager of the National Iranian Oil Company said: With the implementation of rapid equipment projects for factory construction (skid-mounted) under the public-private partnership model, 12% of the country's crude oil processing is carried out by the private non-governmental sector.
Breaking News
Gasoline will not have three prices in Iran
The Deputy Minister of Oil said: The issue of three rates of gasoline is baseless and nothing in this format has been announced until today. Rather, non-price policies are on the government's agenda.
Iran’s electricity consumption increased by 6 thousand megawatts compared to last year
The CEO of Tavanir Company announced the increase of 6 thousand megawatts of electricity consumption in the country compared to last year.
The electricity of Iran’s industries will increase by 10%
CEO of Iranian Electricity Production, Transmission and Distribution Management Company (Tavanir) said: Based on the planning, we are trying to increase the energy delivered to industries by 10%.
Signing the contract for the development and operation of Changule square
The CEO of the National Oil Company said: "The contract for the Chengoleh oil field with an on-site reserve volume of 3.2 billion barrels of oil and the goal of daily production of 60 thousand barrels of oil will be signed soon."
Trading 60% of the electricity produced by power plants in the energy exchange
The Minister of Energy stated in the open floor of the parliament: According to the 7th development plan, it was decided that 60% of the electricity produced by the power plants will be sold in the energy exchange by the end of this plan, but I promise you, the members of the parliament, that this goal will be achieved by the end of June this year. The first year of implementation of the seventh program is realized.
60% increase in credit supply of petrochemical products in Iran
Gholami, the director of the development of downstream industries of the National Petrochemical Company, said: the credit supply of petrochemical products has increased by about 60% in the first 2 months of 2024 compared to the same period last year.
Bonus for introducing unauthorized miners in Iran
The CEO of Tawanir Company announced a significant increase in the reward for identifying and introducing unauthorized producers of cryptocurrency in the country.
The recent rains did not solve Iran’s water stress
Ghasem Zadeh, the spokesperson of the water industry, stated that the hydrological drought is still present in the country and said: 6 provinces of the country are currently facing water stress.
Two-month suspension of super gasoline supply in Iran
It has been nearly two months since the supply of super gasoline has been stopped throughout Iran.
Electric taxis on the way to Tehran
Tehran will gradually own 50,000 electric taxis through the agreement of the Tehran Municipality with China and the agreement of the Ministry of Security; The transportation package in the first stage is 27,000 taxis of the city of Tehran, which are supposed to gradually enter this fleet.
