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.

Breaking News

24,000 illegal miners were collected in Tehran Province

24,000 illegal miners were collected in Tehran Province

The CEO of the Tehran Province Electricity Distribution Company announced a decrease in theft of electricity industry equipment and said: "Over the past three years, we have collected about 24,000 unauthorized miners consuming 50 megawatts, and we ask all subscribers to report any unusual noises and receive a cash reward of one million tomans for each miner discovered without revealing their names."
Energy imbalance has become a public issue

Energy imbalance has become a public issue

The CEO of the National Iranian Gas Company emphasized that the issue of energy imbalance has now become a public issue, saying: "Everyone needs to be involved and work to manage energy consumption."
22% increase in domestic gas consumption

22% increase in domestic gas consumption

The Deputy Minister of Oil for Gas Affairs announced a 22 percent increase in gas consumption by the household, commercial, and non-consumer industries sectors compared to the same period last year, and said: "Gas consumption in this sector reached 547 million cubic meters per day on Saturday."
60% of power plant fuel is wasted

60% of power plant fuel is wasted

The secretary of the Electricity Industry Syndicate stated that the efficiency of the country's power plants in the best conditions is around 40 percent, adding: "In other words, 60 percent of the power plant fuel is wasted."