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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3 gas fields to be handed over to steel industries

3 gas fields to be handed over to steel industries

The CEO of the National Oil Company, referring to the problems of industries in the field of gas cuts in some seasons of the year, said: "A measure was taken to make two or three gas fields available to steel companies so that these complexes can also participate in production."
Olefin petrochemicals suffer the fate of Iranian methanol producers

Olefin petrochemicals suffer the fate of Iranian methanol producers

Experts warn that a decline in ethane production in the coming years could cripple the country's ethylene chain and the bitter tragedy of methanol producers could now be repeated for olefins; they see the way out as the construction of MTO units and an end to the sale of methanol as crude.