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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Bu Ali Sina Petrochemical Plant to undergo overhaul

Bu Ali Sina Petrochemical Plant to undergo overhaul

Bu Ali Sina Petrochemical announced that starting October 4, some of the company's production units, including aromatics and paraxylene, will enter a major overhaul phase. The overhaul will last for 12 working days, but according to the company, it will not cause a complete stoppage of production and will not have a significant impact on the annual production plan.
Discovery of a gas field with reserves of 10 trillion cubic feet of gas

Discovery of a gas field with reserves of 10 trillion cubic feet of gas

The Minister of Oil announced the discovery of large gas and oil reserves in the Pazan field in southern Fars province, saying: "With reserves of 10 trillion cubic feet of gas, this field can play an important role in compensating for the country's energy imbalance in the coming years."
Removing production bottlenecks at Jam Petrochemical; increasing capacity and reducing the risk of emergency shutdowns

Removing production bottlenecks at Jam Petrochemical; increasing capacity and reducing the risk of emergency shutdowns

Removing production bottlenecks at Jam Petrochemical; Increasing capacity and reducing the risk of emergency shutdowns. With the new approach of Jam Petrochemical management in improving productivity and eliminating production bottlenecks, the project of installing and operating the strategic CE-8005A equipment as a parallel dryer in the polyethylene unit came to fruition and yielded significant results in production capacity and sustainability.
If the Strait of Hormuz is closed, who is the first victim?

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

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.