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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Shiraz Refinery is at the top of the refining industry
The record of production and sales of stock refineries was reviewed in the first half of this year;

Shiraz Refinery is at the top of the refining industry

A look at the production and sales situation of stock refineries in the first half of this year shows that these companies produced a total of 25 million and 132 thousand cubic meters of refined products in the first 6 months of this year, which is about 1.1% more than the same period last year.
Iran has a 23% share in Middle East polymer production
CEO of Ariasasol Polymer:

Iran has a 23% share in Middle East polymer production

The vice-chairman of the Petrochemical Commission of the Oil, Gas and Petrochemical Exporters Union announced the increase in polymer production in the country and said: During the month of September, one of the major companies in this field produced 168,000 tons of various products, which is a 9% growth compared to September 2022.