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.

Breaking News

Polymers have replaced steel and wood in engineering industries

Polymers have replaced steel and wood in engineering industries

At the opening ceremony of the 19th Iran Plast, the CEO of the National Petrochemical Industries Company pointed out the status and importance of the petrochemical and polymer industries and said: Petrochemical products, especially polymers, play a key role in various industries and have a pervasive presence in our daily lives.
Get to know one of the largest refineries in Iran: Isfahan Oil Refinery

Get to know one of the largest refineries in Iran: Isfahan Oil Refinery

Isfahan Oil Refining Company (EORC) is one of the largest refineries in Iran, having started its activities in the field of crude oil refining in 1979 and today produces about 22% of the country's petroleum products. With a refining capacity of 375,000 barrels per day, the company has a wide variety of petroleum products and feedstock for downstream industries.
Iranian Petrochemicals at the Crossroads of Development and Environment; Overcoming the Crisis with New Technologies

Iranian Petrochemicals at the Crossroads of Development and Environment; Overcoming the Crisis with New Technologies

The CEO of the National Petrochemical Industries Company estimated the value of polymers produced in industrialized and developed countries at about $2,000 per ton and said: "Iran's petrochemical industry must move beyond the chemical sector and move towards creating more added value by producing polymer materials; the total capacity of polymers is currently only about 10 million tons."
Kermanshah Petrochemical Report: Rising feed prices are a warning sign for Iran’s urea industry

Kermanshah Petrochemical Report: Rising feed prices are a warning sign for Iran’s urea industry

Following the government's recent decision to reform the revenue structure and align the price of gas feedstock with global rates, Iran's petrochemical industries have faced unprecedented conditions. The increase in feedstock price from 47,000 rials to 139,000 rials has not only increased the current costs of the complexes but has also changed the competitive equations of the entire urea industry.
Paknejad: There is no document of the oil contract with Babak Zanjani

Paknejad: There is no document of the oil contract with Babak Zanjani

In response to a question about handing over oil for sale to individuals (Zanjani), the Minister of Oil explained: "Who do you mean by individuals? I cannot mention the strategies for selling oil, as a rule, but we have a range of strategies and measures that we will use in accordance with any situation that arises."
The first gas field development contract was awarded to Bakhtar Holding

The first gas field development contract was awarded to Bakhtar Holding

Regarding the fate of upstream memorandums of understanding and their conversion into contracts, the CEO of the National Petrochemical Company said: "Some of these memorandums are being converted into contracts. For example, the contract for the Bakhtar complex has been approved by the National Oil Company's board of directors and is being finalized."