If the Strait of Hormuz is closed, who is the first victim?

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

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.

Breaking News

The resilience of Iran’s oil industry in the 12-day war

The resilience of Iran’s oil industry in the 12-day war

During the 12 days when Iran's skies were facing the Zionist regime's invasion and the imposed war, the oil industry worked in a chain reaction and did not tremble, but stood firm. It stood firm and did not let a single light go out or a shortage arise in the country's fuel supply.
What percentage of the world’s mining is related to Iran?

What percentage of the world’s mining is related to Iran?

Deputy Transmission and Cryptocurrency Project Executive Tavanir said: "The global hash rate decrease was between 5 and 12 percent, but 12 percent is a very large number, as load behavior data shows a 2,400 megawatt reduction in load power."
Farabi Petrochemical’s annual meeting will be held on July 11

Farabi Petrochemical’s annual meeting will be held on July 11

Farabi Petrochemical Company has invited its shareholders to attend the Annual General Meeting to be held on Saturday, July 11, 2021. The meeting will be held at the Fanavaran Petrochemical Complex, located in Bandar Imam Khomeini, a special economic zone, in Khuzestan Province.
Restarting production in Zagros

Restarting production in Zagros

Zagros Petrochemical, which had suspended its production lines since June 15 due to the country's critical conditions, has now announced that phases one and two of the complex have resumed production as of Saturday, July 27. This suspension was made to protect the safety of human resources and operational infrastructure, and the company emphasized that the return to production was carried out with careful planning and as quickly as possible.
Iran’s oil exports did not decrease during the war

Iran’s oil exports did not decrease during the war

Despite the conflict between Iran and Israel, contrary to the claims of the Zionist regime's media, Iran's oil exports not only did not decrease, but also remained at a level of about 2.2 million barrels per day, according to Kpler data.
3 Phase of Pardis Petrochemical Project Decommissioned

3 Phase of Pardis Petrochemical Project Decommissioned

Following the recent attacks by the Zionist regime and the emergence of emergency conditions in the region, Pardis Petrochemical Company suspended the production of three operational phases of ammonia and urea in order to protect the safety of personnel and reduce possible losses. This suspension was officially announced in a company announcement, and its financial effects are being reviewed.