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
The need to use renewable energy in electricity production
A member of the Energy Commission of the Islamic Council, stating that we are witnessing the imbalance of electricity in the field of gas and electricity, said: We must use renewable energy in electricity production. According to the report of Energy Press, Hossein Hosseinzadeh stated about energy consumption management solutions: We have disharmony in the
Iran’s leader of the revolution’s warning about investing in the oil industry/ increasing production by 40%
Pointing out that the Leader of the Revolution said that the increase in investment in the oil industry should lead to an increase in production growth, the Minister of Oil said: With the increase in investment, nearly 40% has been added to Iran’s oil production. According to Energy Press, in the recent meeting between the
Iran’s industrial electricity consumption is equal to the combined consumption of three European countries
Based on the extracted statistics, the electricity consumption of Iran’s industries is equivalent to the total electricity consumption of the three countries of Switzerland, Denmark and Ireland, while these three countries have a gross domestic product of 1732 billion dollars with this amount of electricity, but inside, the industrial units are equivalent to 130 billion
Containment of leakage and eruption of oil and gas from Well No. 1 in Shadgan
After 36 hours of efforts, the severe leakage and eruption of oil and gas from Shadgan Well No. 1 was contained with the cooperation of the experts of the National Iranian Drilling Company and the National South Oil-bearing Regions Company. According to Energy Press report, quoted from National Iranian Drilling Company, Shahram Shamipour, deputy CEO
Changing office hours was effective in reducing electricity consumption
The spokesperson of the electricity industry explained that the change in office hours has been effective in reducing electricity consumption. According to Energy Press, Mustafa Rajabi Mashhadi – the spokesperson of the electricity industry – said about the latest status of the electricity distribution network: We have passed the peak of electricity consumption and this
Electricity bill of 15 million tomans per month was issued for 200 subscribers
The CEO of Tehran Power Distribution Company stated: 15 million tomans monthly electricity bills have been issued for 200 high-consumption subscribers. According to Energy Press, Cambyz Nazerian said in a press conference today and in response to ISNA’s question about the issuing of bills and fines for high-consumption customers, policies have been planned with the
The price of oil increased
Global crude oil prices rose following a significant US withdrawal from stockpiles. According to Energy Press, the release of industrial data indicating a significant drawdown of oil reserves in the United States, the world’s largest fuel consumer, as well as the negative impact of the hurricane in the Gulf of Mexico on investors caused oil
Compensating the gas imbalance in winter by operating phase 11 of South Pars
Pointing out that phase 11 of the South Pars common field is the most border phase of this field, the oil minister said: by operating phase 11, in addition to compensating the gas imbalance in winter, gas migration to the neighboring country (Qatar) was also prevented. According to Energy Press, Javad Oji pointed out that
Office working hours will return to normal
The spokesperson of the electricity industry pointed out: We had planned a target of 1000 megawatts for administrative and general customers, which was achieved by modifying the working hours and monitoring the consumption of cooling systems by more than 85%, and this program continues until Shahrivar 15. The working hours of the offices will also
Oil prices fell
Oil prices fell on Tuesday amid concerns over the possibility of further interest rate hikes in the US, which could affect fuel demand, as well as a tropical storm approaching the US Gulf Coast region. According to Energy Press, oil prices fell on Tuesday (September 7th) due to concerns about the possibility of a further
