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 should not be rationed except in cases of war

A member of the Energy Commission of the Iranian Parliament said: Maybe someone does not want to own a car or does not have a license or prefers to use a public vehicle, so there is no need to allocate fuel to people.

Spokesperson of Iran's Ministry of Foreign Affairs:

Kuwait’s claims about Arash Square are unfortunate

In response to the repetition of Kuwait's unilateral claim about Arash Square in the final statement of the Emir of Kuwait's visit to Egypt, the spokesperson of the Ministry of Foreign Affairs rejected this claim and added that the repetition of these unilateral and baseless claims by the Kuwaiti side is regrettable.

Will this summer’s power outage in Iran lead to a blackout?

The CEO of Tavanir Company said: "At the beginning of the government, the demand figure was about 14,000 megawatts. The forecast is that this year we will reach about 10,000 to 11,000 megawatts with the measures that are being taken."

Babak Zanjani’s execution sentence was overturned

The judiciary announced the violation of Babak Zanjani's execution sentence.

The fuel card of which cars will be removed?

In a letter to the Minister of Roads and Urban Development, the Minister of Economy requested not to allocate fuel quota to gasoline cars and motorcycles without third-party insurance policies with more seriousness and force.

Drilling 8 new wells in southern Iran

Iran's National Drilling Company drilled eight oil wells in the operational area of the southern oil-rich areas in April this year.

Iran’s potential in extracting cryptocurrency from flare gas

Using flare gas in Iran to produce cryptocurrency, on the one hand, prevents the wastage of national capital, and on the other hand, helps to circumvent sanctions

The plan to supply feed to Iran’s petrochemicals from Karun’s torch gases

The CEO of the National Petrochemical Industry Company said: All the burners in East Karun will be collected by the Bidbland Refinery in the Persian Gulf this year and next year.

Which petrochemicals are going to overhaul in June?

The management of development of downstream industries of National Petrochemical Company has published the names of seven petrochemical companies that are going to overhaul.