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

Iran’s urea price rises in global markets

Iranian urea export prices for January loading have increased to $307 per ton on a FOB basis, compared to $303-$304.5 per ton previously.

Development of the 400 kV Fajr Energy Persian Gulf substation at the terminal station/increasing energy transmission from Bafjar to industries and the national grid

The 400 kV substation development plan, which is the first part of Fajr Company's recent development plans and is intended to increase the capacity of electricity transmission to requesting industries and the national grid, has reached 81 percent progress.

Reasons for the failure of the sanctions on Iran’s oil fleet

The second Trump administration is seeking to impose sanctions on 35 companies and ships to increase pressure on Iran, but experts believe that market conditions and the lack of support from China and Arab countries will prevent this from happening.

The need for cooperation between all sectors to optimize consumption and invest in increasing gas production

Explaining gas supply in imbalanced conditions, the CEO of the National Iranian Gas Company said: "To deal with energy imbalance, the two wings of "consumption optimization" and "investment to increase production" must be considered together."

Fuel smuggling ads hit cyberspace

Everything can be found in cyberspace, from Iranian crude oil exports to gasoline, diesel, fuel oil, and liquefied petroleum gas. Since there is insufficient monitoring of the purchase and sale of fuel in cyberspace and its sources of supply, it seems that traces of smuggling can be seen in online fuel sales.

Energy consumption in public sectors should reach 50% of current consumption

Stating that we are determined to correct imbalances, the First Vice President said: "The energy consumption of government agencies must be halved."

Iran, the largest methanol exporter in the West Asian region

Methanol, as a product based on natural gas feedstock, accounts for a significant share of the production and export of the country's petrochemical industry products.

50% increase in gasoline consumption over 5 years / Increasing prices will not solve the problem

An energy expert said: "The energy imbalance in the country is increasing every year, such that gasoline consumption has increased by 50 percent in five years, and a similar situation exists in other energy carriers. It seems that in these circumstances, an energy ministry should be established."

Some of the gasoline consumed by cars in the country is not standardized

The head of the Environmental Protection Agency pointed out the role of substandard gasoline in air pollution and said: "Some of the gasoline consumed by mobile sources, including cars, does not comply with the national standards approved by the National Standards Organization."

Will $87 billion in lost rig money be returned to Iran?

It might not be wrong to claim that the 1990s were one of the most corrupt decades in Iran's oil history. The decade in which the massive Petrochemicalgate corruption scandal was revealed was close to the same years in which the issue of missing oil rigs became a subject of black satire.

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