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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Will electricity imbalances hit a record high this summer?

Will electricity imbalances hit a record high this summer?

While a repeat of the 20,000 MW imbalance of the summer of 1403 was predicted for the summer of 1404, the realization of the recent prediction of a 2-degree increase in summer temperatures compared to normal conditions will add 3,600 MW to peak electricity consumption.
$9 billion investment opportunity in central oil

$9 billion investment opportunity in central oil

The CEO of the Central Iranian Oil Company said: The company has prepared 11 investment packages worth about $9 billion for the development of gas fields, which, once operational, will increase the country's daily gas production capacity by about 100 to 140 million cubic meters.
Ensuring safe and sustainable production at the South Pars Gas Complex next winter

Ensuring safe and sustainable production at the South Pars Gas Complex next winter

The head of the South Pars Gas Complex Site 2 deputy announced the implementation of extensive programs to increase production, improve operational flexibility, reduce flaring, and improve employee accommodation infrastructure, and said: "With the measures taken, the complex's safe and sustainable production will be guaranteed next winter."
Major repairs to South Pars’ 9th refinery begin

Major repairs to South Pars’ 9th refinery begin

The manager of the 9th South Pars Refinery announced the start of the 1404 overhaul operation, with the aim of maintaining the stability of gas production and improving the quality of products, starting on April 8 for 13 days.