Iran’s government’s positive actions in oil marketing were fruitful

Iran’s government’s positive actions in oil marketing were fruitful

Mehdi Hashemzadeh emphasized the necessity of creating an oil market and said: "Right now, we are witnessing that Iran's exports have made good progress with the positive measures that have been taken in creating an oil market, and it is necessary to continue this process, and if the sanctions are lifted, we can play an important role in the world markets."
Iran has a 23% share in Middle East polymer production

Iran has a 23% share in Middle East polymer production

The vice-chairman of the Petrochemical Commission of the Oil, Gas and Petrochemical Exporters Union announced the increase in polymer production in the country and said: During the month of September, one of the major companies in this field produced 168,000 tons of various products, which is a 9% growth compared to September 2022.
Get to know the types of crude oil

Get to know the types of crude oil

The quality of crude oil varies and based on specific gravity and viscosity, they are divided into light, medium, heavy and very heavy crude oil.
US, Venezuela to announce oil sanctions deal on Tuesday

US, Venezuela to announce oil sanctions deal on Tuesday

The Biden administration and Venezuelan President Nicolas Maduro's government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas' oil industry while opening up Venezuela's 2024 presidential election, the Washington Post reported on Monday.