Energy diplomacy at a standstill; send the masts to Arash Square
While the Arash gas field has become a new flashpoint for border tensions in the Persian Gulf, Iran continues to insist on the path of diplomacy, a path that has neither thwarted the claims of Kuwait and Saudi Arabia nor stopped the plundering of the country’s energy resources. Isn’t it time for Tehran to deploy drilling rigs and defend its national wealth instead of fruitless talks?
Fluctuations in Iranian oil prices over the past 5 years
The average price of Iranian heavy oil in 2024, based on statistics provided by the Organization of the Petroleum Exporting Countries (OPEC), was $79.71 per barrel.
Petrofarhang is ready to sell shares in Kian Petrochemical
With the aim of improving the composition of its investment portfolio, Petrofarhang Company has issued a call to identify applicants for the purchase of shares of Kian Petrochemical and invited investors to express their readiness to participate in the auction.
Breaking News
Energy Commission Chairman: Iran’s oil sales route remains open despite sanctions
Referring to the new US sanctions, the head of the Parliament's Energy Committee said: "Iran knows ways to circumvent the sanctions, and Washington's oil policies to disrupt oil sales have failed."
Oil Minister: Aggression against energy-producing countries is a threat to global stability
Stating that aggression against energy-producing countries is a violation of international law and a threat to global stability, the Minister of Oil said: "The energy industry, and especially oil, in today's interconnected world, needs peace and stability to play its role in promoting national, regional, and global prosperity."
Wetland ecosystems under severe drought and land use change pressure
The secretary of the country's climate change scientific network said: "The dried-up wetland and the surrounding bare land will become active dust centers. Exactly what we are witnessing today; dust storms of internal origin such as around Tehran, Qom, and Markazi, which disrupt life in metropolitan areas."
Power plant gas consumption exceeds 305 million cubic meters
Statistics show that out of the total consumption of more than 4.3 billion cubic meters of natural gas in the three sectors of power plants, major industries, and household, commercial, and small industries last week, more than 2 billion cubic meters were consumed by power plants, which peaked on Monday and exceeded 305 million cubic meters.
Iran becomes OPEC’s second largest refiner
With a refining capacity of 2 million 237 thousand barrels per day and a 16% share in OPEC, Iran ranks second among the countries of this organization, and it also accounts for 2.1% of the world's refining capacity.
Major repairs of 11 South Pars platforms completed
The CEO of Pars Oil and Gas Company said: "During the 12-day war, the South Pars platforms continued to operate without interruption, and in addition to maintaining a stable flow of gas extraction, the overhaul operations also proceeded according to plan, so that the overhaul of 11 platforms has been successfully completed so far."
Petrochemicals and Customs on the Downward Path of Exports
The Director General of Customs said: In the first quarter of this year, Iran's total non-oil trade reached 43 million 489 thousand tons and was worth 24 billion 684 million dollars.
Acceleration in localization and modernization; completion of 100 wells by the National Drilling Company
The CEO of the National Iranian Drilling Company announced the achievement of drilling and completing 100 wells in 1403 and said: "Localizing strategic equipment, manufacturing domestic rigs, and increasing the share of domestic manufacturing are among the company's strategic priorities, which have been accompanied by foreign exchange savings and reducing dependence."
Iran’s oil market heats up in China; exports rise, sanctions remain on paper
While Donald Trump has claimed to have paved the way for Iranian oil exports to China, statistics show that China's oil imports from Iran reached a record 1.8 million barrels per day in June; a record that experts attribute to increased seasonal demand, regional war, and the attractiveness of Iranian oil prices, not necessarily the result of the official lifting of sanctions.
Sustainable fuel supply despite military and cyber attacks
The CEO of the National Iranian Oil Refining and Distribution Company said: "Despite a 50% increase in demand and cyber threats and military attacks, fuel supplies continued uninterrupted."
