China’s 13.6% dependence on Tehran’s oil
According to data received from tanker trackers, China imported an average of 1.38 million barrels of oil per day from Iran in the first half of 2025, equivalent to more than 13.6 percent of the country's total oil imports.
Global oil shock with closing the Strait of Hormuz; no one will be immune
A Russian official warned about the closure of the Strait of Hormuz that no one will be immune from this action.
Fear and flight of giant oil tankers from the Strait of Hormuz
Following the escalation of tensions between Iran and the United States, two super-heavy oil tankers named Coswisdom Lake and South Loyalty, each with a capacity to carry 2 million barrels of crude oil, changed their course near the Strait of Hormuz and retreated south.
Breaking News
Latest news on the progress of the Isfahan Oil Refinery RHU project
Following the publication of some incorrect news regarding the suspension of Isfahan Oil Refining Company projects, the Public and International Relations Department of Isfahan Petrorefining Company provided explanations in this regard in order to clarify the matter.
Actions of the Parliament’s Energy Commission in Resolving the Electricity and Gas Imbalance
The head of the Energy Commission of the Islamic Consultative Assembly presented a report on the commission's actions in resolving the imbalance of electricity and gas and supplying fuel to power plants at a meeting of the commission, which was held in the presence of the speaker of the Islamic Consultative Assembly and the ministers of oil and energy.
Official selling price of Iranian oil in January 2025
According to the National Iranian Oil Company, the price of Iranian light oil in January 2025 for supply to the Asian market will be $1.35 higher than the base price (Oman/Dubai crude oil price).
Significant increase in liquid fuel deliveries to power plants in the last 4 months
The significant increase in the production and delivery of liquid fuel in the last four months, with careful and strategic management, has allowed the cold days of this year to pass with a stable supply of power plant fuel, without serious challenges in the country's energy supply.
Producing gasoline from methanol ruled out
Not long ago, Iranian methanol producers raised the issue of producing gasoline from methanol.
Product production at Bushehr Petrochemical reached 3 million tons
In the first 9 months of this year, Bushehr Petrochemical succeeded in producing about 3 million tons of various petrochemical products and more than 547 million cubic meters of ancillary services.
Using petrochemical capacity in the campaign to reduce gas consumption by 10 percent
A memorandum of understanding was signed between the National Petrochemical Industries Company and Zagros Petrochemical Company to use the capacity of this petrochemical company in a campaign to reduce gas and electricity consumption by 10 percent in the domestic and commercial sectors.
Khark Oil Terminal plays a vital role in achieving the oil industry’s major goals
Emphasizing the strategic position of the Kharg Oil Terminal, the CEO of the Iranian Oil Terminals Company introduced transformation and innovation as the company's main strategies, and considered special attention to human resources as the key to development and improving productivity.
Providing $23 billion from the National Development Fund for 60 oil and gas projects
The chairman of the National Development Fund's executive board said: "The Economic Council has passed a resolution to increase oil production by 250,000 barrels per day, which the Fund is participating in financing."
$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis
During a ceremony to address the gas imbalance crisis, the National Petrochemical Company and Zagros Petrochemical Company signed a memorandum of understanding. The aim of this memorandum is to reduce gas consumption by 10 percent in the domestic and commercial sectors and increase the share of gas allocated to the petrochemical industry, which could lead to increased production and foreign exchange earnings. This is while the petrochemical industry is facing challenges such as gas outages at 12 petrochemical plants and feed shortages.
