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 latest status of Tehran’s dam reserves was announced

Tehran's dam reserves have decreased by 277 million cubic meters compared to the same day last year, while last year was also a dry year, and this issue indicates the high severity of the drought in Tehran these days.

Reducing oil and gas consumption in non-power sectors of the country

The CEO of the National Iranian Petroleum Refining and Distribution Company announced a daily average reduction of 5 million liters of oil and gas consumption in 1404 compared to last year, saying: "This success is the result of implementing control policies and measures, using smart tools to combat fuel smuggling, and intensifying monitoring of major non-power plant consumers."

Completion of major repairs to gas platforms in phases 20 and 21 of South Pars

The major repairs of the gas platforms in Phases 20 and 21 of South Pars were completed with more than 8,000 safe working hours recorded and 910 repair orders completed.

Donation of hormonal diagnosis laboratory equipment by Gachsaran Polymer Industries Company/An important step towards improving the health of pregnant women and children in Gachsaran

In line with its social responsibility, Gachsaran Polymer Industries Company, in coordination with the Ministry of Health, Treatment and Medical Education, as well as the Gachsaran County Health and Treatment Network, participated in the purchase of necessary equipment for hormonal and blood tests at the Gachsaran State Laboratory.

Oil money that went up in smoke; Iran and the wound of torch burning

Gas flaring in Iran, with a share of 15% of global flaring, burns billions of dollars of wealth and has become a threat to the health and environment of oil-rich regions.

Progress of Dehdasht Petrochemical Project Reaches 45%

The CEO of Dehdasht Petrochemical Industries Company announced about 45 percent physical progress in the company's heavy polyethylene project.

Announcement of guidelines for the continuity of petrochemical industry production in crisis conditions

The Deputy Minister of Oil and CEO of the National Petrochemical Company said: "The instructions for continuing petrochemical industry production in crisis and emergency situations were communicated to regions, holding companies, and petrochemical companies with the aim of sustainable production and meeting the needs of complementary industries."

Call for tenders for the supply of goods and the implementation of Petro Pars guard rooms

Petro Pars Company published a public call for tenders for the supply of goods and the implementation of guard rooms and ancillary facilities - South Azadegan Oil Field Development Plan Phase-1.

Reducing Tehran’s water consumption by treating oil refinery wastewater

Following the intensification of the water crisis this year, Tehran Oil Refining Company, by implementing one of its most important environmental projects, succeeded in reducing the capital's daily water consumption by 20,000 cubic meters.

Unprecedented decline in Tehran’s water resources in the last 60 years

Tehran Province's Water and Sanitation Authority has announced that the droughts of the last five years and the decrease in rainfall in Tehran Province in the current water year, which is unprecedented in the last 60 years, have severely affected Tehran's water resources.

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