China's independent refiners have increased their intake of Iranian crude oil after Beijing issued a new round of import quotas late last month.

The head of the working group for improving the health of the administrative system and combating corruption in the oil industry, expressing the necessity of changes in regulatory mechanisms, stated that strengthening the health of the administrative system is one of the serious priorities of the oil industry.

Referring to the establishment of the Energy Optimization and Strategic Management Organization, the Minister of Oil said: "This new institution will operate in conjunction with the Fuel Consumption Optimization Organization, and the mission of the Ministry of Oil will remain the production and export of oil and gas."

According to data from Kepler cited by Bloomberg, a drop in China's oil imports from Iran has caused the volume of Iranian oil stored in tankers at sea to reach its highest level in two and a half years.

Indonesia auctions seized Iranian supertankerBloomberg reported on the auction of a seized Iranian supertanker in Indonesia. The ship was apparently carrying Iranian oil before it was seized.

The CEO of the National Iranian Oil Refining and Distribution Company announced the delivery of 391 million liters of low-sulfur furnace oil to four thermal power plants by the end of November.

The Oil Minister emphasized: "There are currently no concerns or problems regarding oil sales."

The Director General of Organization, Methods and Organizational Excellence at the Ministry of Oil emphasized that the presence of young forces in the field of safety is a valuable opportunity to empower and develop the human capital of the oil industry.

According to OPEC, the average price of Iranian heavy oil in 2025 fell by more than $10 compared to last year, reaching $70.7; a trend similar to the OPEC oil basket, which has fallen by 30% over the last three years.

Referring to Article 15 of the Seventh Plan Law, Sajjad Khalili emphasized that without changing the financial rules and increasing the actual share of the National Oil Company, it is not possible to maintain production levels and achieve development goals.