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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$600 million in annual revenue from flare gas collection

$600 million in annual revenue from flare gas collection

The Ministry of Oil announced that by implementing 12 new flare gas collection contracts, in addition to reducing pollution and saving national resources, 180 million cubic feet of light gas per day will be added to the production cycle. This measure is part of the country's energy consumption optimization program and addressing the country's energy imbalance.
The fourth row of compressors at Azar Field has entered service

The fourth row of compressors at Azar Field has entered service

The executive of the Azar Oil Field Development Plan said: "With the announcement of the readiness of the Cheshmeh Khosh Gas and Liquefied Gas Plant (NGL 3100) to receive high-pressure gas from early November, the Azar Oil Field Development Plan has taken an important step towards the sustainable and optimal exploitation of associated gases, and the fourth-tier compressors for boosting the pressure of this field have entered the operation circuit."
An increase of 6.7 million cubic meters of gas delivered to the network

An increase of 6.7 million cubic meters of gas delivered to the network

The Minister of Oil said: "The amount of gas delivered to the network has increased by about 6.7 million cubic meters per day, and oil and gas reserves in power plants have also increased by 130 percent. In light of these efforts, we are entering the cold season this year with very favorable conditions."
Iran and Russia emphasize accelerating implementation of Joint Economic Commission resolutions

Iran and Russia emphasize accelerating implementation of Joint Economic Commission resolutions

A follow-up meeting on the implementation of the Memorandum of Understanding of the Iran-Russia Joint Economic Commission was held with the presence of the Deputy Minister of Oil and representatives of executive agencies. The meeting emphasized accelerating the implementation of the approvals, removing obstacles to cooperation, and preparing for the 19th Joint Commission by the end of the year.