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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Get to know the types of crude oil

Get to know the types of crude oil

The quality of crude oil varies and based on specific gravity and viscosity, they are divided into light, medium, heavy and very heavy crude oil.
Gas cylinder explosion incident in Karaj

Gas cylinder explosion incident in Karaj

The director of Karaj Governorate's Crisis Management Department said: The explosion at the liquid gas cylinder supply center on Mohammad Shahr Road in Karaj caused an incident.
US, Venezuela to announce oil sanctions deal on Tuesday

US, Venezuela to announce oil sanctions deal on Tuesday

The Biden administration and Venezuelan President Nicolas Maduro's government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas' oil industry while opening up Venezuela's 2024 presidential election, the Washington Post reported on Monday.
Installment or barter, solution for gas debt of petrochemicals
The CEO of Kimyaye Pars Middle East Petrochemical in an interview with "Energy Press":

Installment or barter, solution for gas debt of petrochemicals

Amir Ganjidoost said: by cutting off gas and stopping the production of petrochemicals, no demand will be collected, the solution to the problem of gas debt is to Installment or barter it by requesting the Farhangian reserve fund from the government.