Tag: Iran
-
Crisis in the oil and gas sector in Iran within months (article)
Read in this article • Iran has traditionally relied on oil and gas to meet most of its energy needs • There is an increasing demand for renewable energy sources, such as solar energy and wind energy • Iran’s over-reliance on oil and gas exports is a major concern • The government needs to develop…
-
Iran is flirting with Saudi Arabia and OPEC + countries with an oil investment deal
Iran has become open to foreign investment, following the recent agreement between Riyadh and Tehran to resume their diplomatic relations, after a 7-year break. And the Iranian Ministry of Oil issued a statement – on March 19, 2023 – in which it said that it welcomed any offer of foreign investment in its projects in…
-
The second largest oil refinery in Iran plans to lead the production of propylene within 3 years
The second largest oil refinery in Iran is heading to break into the production of propylene, which is mainly used in the leading petrochemical industry in Tehran. The Isfahan Oil Refinery announced a restructuring and development plan towards becoming a holding company for the oil refining and petrochemical industry, according to the independent local Financial…
-
Energy relations between China and Iran are not a win-win deal for the two countries (article)
Read in this article • Production from the Yadavaran field will start in the first half of 2023 • In recent years, Iran has signed long-term cooperation documents with China and Russia • On the first day of the Iranian President’s visit to China, the two sides signed 20 cooperation documents • The Iranian leadership…
-
The oil and gas swap deal between Russia and Iran reaches the stage of “technical details”
The oil and gas exchange deal between Russia and Iran is witnessing new developments, as Deputy Prime Minister Alexander Novak announced that representatives of the two countries are discussing technical details about the deal, including Tehran’s proposal to transfer supplies. The Russian official described the deal as a “promising project”, as Iran is seeking by…
-
Sanctions on Iran extend to 9 new companies that manufacture and promote petrochemicals
The United States of America has tightened sanctions against Iran by listing the names of 9 Iranian, Singaporean and Malaysian companies involved in selling leading petrochemical products in Tehran. On Thursday, February 9, 2023, the US Treasury announced imposing sanctions on 6 petrochemical companies based in Iran. The sanctions also included the branches of the…
-
Iran abandons Syria and doubles the price of oil exports to it
Tehran doubled the price of Iranian oil exports to Syria, and asked Damascus to pay the value of future shipments in advance, amid the severe fuel crisis in Syria. Officials in Iran informed their Syrian counterparts of an increase in the price of crude that Damascus is buying to more than $70 a barrel from…
-
Exporting natural gas or petrochemical products… Which is a priority for Iran? (article)
Read in this article • Iran consumes most of the natural gas inside the country in the sectors of fuel, raw materials and injection • Iran exports 70% of the final products of the petrochemical industry and consumes 30% locally • The competition between methanol and LPG will depend on the price of oil in…
