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

Oil Minister’s response to the trigger mechanism: We’ve been living worse for many years

Petroleum Minister on the outskirts of the Government: The trigger mechanism will not create a new annoying restriction on oil sales; Over the past few years, we have faced so severe restrictions on cruel and unilateral Americans, which in fact may not add much to it.

Refining and Distribution Company CEO warns: Energy imbalance will face dire consequences for the country

In recent years, the unprecedented increase in demand intensity and the growing and accumulating imbalance between production and consumption have become a major and challenging problem in the areas of economy and national security, placing the downstream sector of the oil industry under unprecedented pressure.

Production of 65 million cubic meters of gas per day; Shargh Oil and Gas Company fully prepared for winter

The head of the Shargh Oil and Gas Exploitation Company, announcing the company's full readiness to produce gas during the cold season, said: "The plan for this winter is to produce 65 million cubic meters of gas daily from the fields in the northeast of the country to meet part of the needs of the northeast and north of the country."

Completion of Jahrom pipeline repair operations; increasing the readiness of the gas network for the cold season

The head of the 5th Region of Operations of the Iranian Gas Transmission Company announced the successful completion of emergency repairs to the fourth national pipeline in the shortest possible time.

Oil Ministry owes $17 billion to National Development Fund

The Director of Investment and Financing of the National Development Fund said: "The Ministry of Oil is one of the fund's largest debtors, and about $17 billion has not been repaid so far."

The start of the repair season for the country’s thermal power plants

The CEO of the specialized thermal power company said: The season of repairs and optimization of the country's thermal power plants has begun with an investment volume of 40 trillion tomans to carry out a 111,000 MW repair program.

From reducing energy consumption to developing the carbon market; a solution for financing energy projects

Ali Asghar Rajabi, Director of Energy and Carbon at the National Iranian Gas Company, said in a pre-session of the Energy Investment Conference: "Saving energy consumption can bring Iran into the global carbon market and become a tool for attracting private sector investment."

The strong return of the Bandar Imam VC unit with a daily production record of 515 tons

The Bandar Imam Petrochemical VC unit returned to production after a period of emergency overhaul with a higher production capacity than before.

Iranian oil sales have not stopped; no cargo remains on the water

The CEO of the National Iranian Oil Company emphasized that the country's oil sales and exports are pursued in accordance with macro policies and using various methods, saying: "We do not see the need to respond to all rumors, because our focus is on carrying out our main tasks."

The cessation of oil sales is a rumor

The CEO of the National Oil Company said: "We use a variety of methods to sell oil; we have put both diversity and multiple markets on the agenda. The claim of stopping oil sales is not true and I deny it."

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