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.
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.
If the Strait of Hormuz is closed, where will the oil pass? Petroline, Fujairah, or Ceyhan?
The Strait of Hormuz, a vital artery for global energy exports, remains an irreplaceable bottleneck. Any disruption to the flow of oil through this route would alter the geopolitical equations of energy; despite efforts by countries to design alternative routes, none are able to cover the crisis.
Breaking News
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.
Meeting of the Heads of State focused on solutions to address the country’s main imbalances
A meeting of the heads of the three branches of government was held, hosted by the President and attended by a group of managers of economic ministries, to examine solutions to address the country's main imbalances.
Regarding the issue of fuel smuggling, we must move towards prevention and law enforcement
The spokesman for the Energy Commission of the Islamic Consultative Assembly stated that strict implementation of the law with serious determination is necessary to reduce fuel smuggling, and said: "It is necessary to take seriously solutions such as smartization and metering in line with the fight against smuggling."
Gas consumption increases at the end of the week
The Deputy Minister of Oil for Gas Affairs said: "According to the predictions made on Thursday and Friday this week, gas consumption will peak, which shows the need for consumption management."
Tripartite Memorandum of Understanding for the Plan to Revive Closed and Low-Productivity Oil Wells
A tripartite memorandum of understanding for the implementation of the Note to Article 13 of the Economic Council's resolution for the plan to revive closed and low-yielding oil wells was signed between the Innovation and Prosperity Fund, the National Iranian Oil Company, and the Oil Industry Technology and Innovation Park.
Stopping the increase in electricity costs for industrial subscribers
The Deputy Secretary of the Business Support Committee said: "In the meeting of this committee, the Ministry of Energy reviewed the increase in electricity costs for industrial subscribers and decided to suspend the Ministry of Energy's circular in this regard."
Babak Zanjani has neither been released nor is he on leave
The Judiciary Spokesperson provided explanations regarding the news published regarding the release of Babak Zanjani.
