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The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?

The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?

Nili warns that if no solutions are found, large industrial enterprises will also shrink within the next 10 years.
Expanding Iran-Turkmenistan oil cooperation in the field of oil and gas

Expanding Iran-Turkmenistan oil cooperation in the field of oil and gas

The Iranian Oil Minister and the Turkmen Foreign Minister emphasized the deepening of cooperation between the two countries in the fields of oil and gas and discussed areas for expanding cooperation.
Pezeshkian’s response to Trump’s threat: There are other paths for us besides oil exports

Pezeshkian’s response to Trump’s threat: There are other paths for us besides oil exports

Pezeshkian's response to Trump's threat to reduce Iran's oil exports to zero was: "They thought everything we do depends on oil."
Oil Minister: Any comment I make about Crescent may be detrimental to the Islamic Republic!

Oil Minister: Any comment I make about Crescent may be detrimental to the Islamic Republic!

Regarding the Crescent case, the Minister of Oil said: "The other party has made claims and the court is reviewing the matter. In return, Iranian lawyers and experts from the Ministry of Oil are also defending the country's rights."
Mohajerani: Good news in the oil sector will be announced in the coming days

Mohajerani: Good news in the oil sector will be announced in the coming days

The government spokesman said: "The Minister of Oil will have good news in the field of investment in the oil industry in the coming days."
Hemmati: Lifting oil sanctions is more important now than ever

Hemmati: Lifting oil sanctions is more important now than ever

The Minister of Economy and Finance wrote on the social network X: "Lifting Iran's oil sanctions is now more economically important than ever."
Signing of the Memorandum of Understanding for the Largest Smart Oil Industry Project

Signing of the Memorandum of Understanding for the Largest Smart Oil Industry Project

The joint memorandum of understanding for the project "Real-time monitoring and intelligent management of the country's petroleum products supply chain" was signed yesterday (Sunday, February 14), coinciding with the 46th anniversary of the victory of the Islamic Revolution and the Shabaniyah holidays.
The country’s daily oil production increased by 70,000 barrels

The country’s daily oil production increased by 70,000 barrels

The CEO of the National Iranian Oil Company announced an increase in the country's oil production by 70,000 barrels and gas production by 30 million cubic meters in recent months.
The other side of Russia’s new sanctions: reviving Iranian oil exports to India

The other side of Russia’s new sanctions: reviving Iranian oil exports to India

The escalation of the Russian oil sector could harm importing countries, especially India, and this, along with a possible agreement with the West, would make it possible for Iranian oil to return to the Delhi market.
The beginning of a serious discussion: transferring oil shares to 90 million Iranians

The beginning of a serious discussion: transferring oil shares to 90 million Iranians

A member of the board of directors of the Oil Industry Pension Fund believes that transferring shares of the National Oil Company to the public can increase public participation in the management of energy resources, contribute to greater transparency in the company's performance and improve its financial situation.
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Latest news

  • Iran’s heavy oil price to drop by $10 in 2025
  • Deputy Oil Minister: Reforming the financial relationship between the government and the National Oil Company is a national obligation
  • CEO of National Oil Company: Scientific decision-making and agility are the keys to improving organizational efficiency
  • Slow decline in refining industry; Tehran and Bandar Abbas refineries under pressure from production decline
  • Iran’s central oil fields fulfill gas production and storage commitments
  • Successful completion of gas refinery repairs; daily injection of 860 million cubic meters into the national network
  • Southern Zagros ready to supply 20 percent of the country’s gas in winter
  • Introduction to Tabriz Refinery; the refining hub of northwest Iran
  • Ethylene added to Bushehr petrochemical product portfolio
  • Oil production in South Azadegan field increases by 8,500 barrels

Petroleum

  • Increasing production of Euro 4 standard gasoline at Abadan refinery, a step towards clean air
    Increasing production of Euro 4 standard gasoline at Abadan refinery, a step towards clean air
  • $700 million in gasoline savings by expanding ridesharing
    $700 million in gasoline savings by expanding ridesharing
  • Joint project between the University of Petroleum Industry and Arvandan; Oil production tripled in a laboratory pilot
    Joint project between the University of Petroleum Industry and Arvandan; Oil production tripled in a laboratory pilot
  • Spokesperson for fuel station owners: Fuel supply in Tehran will not be interrupted
    Spokesperson for fuel station owners: Fuel supply in Tehran will not be interrupted
  • Sharp decline in CNG consumption in the country
    Sharp decline in CNG consumption in the country
  • Details of transferring fuel quota to a bank card
    Details of transferring fuel quota to a bank card
  • Power plant reserves are 80% higher this year than last year
    Power plant reserves are 80% higher this year than last year
  • Significant reduction in theft from oil pipelines this year
    Significant reduction in theft from oil pipelines this year
  • Behran Oil’s presence at Iran Expo
    Behran Oil’s presence at Iran Expo
  • The country’s gasoline consumption increased to more than 132 million liters
    The country’s gasoline consumption increased to more than 132 million liters

Petrochemical

  • Ethylene added to Bushehr petrochemical product portfolio
    Ethylene added to Bushehr petrochemical product portfolio
  • Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas
    Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas
  • Leap in the South Azadegan Field Central Processing Unit (CTEP) Project
    Leap in the South Azadegan Field Central Processing Unit (CTEP) Project
  • Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode
    Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode
  • Petrochemical Investment Manager: Capital Market Can Become the Financing Engine for Petrochemical Projects
    Petrochemical Investment Manager: Capital Market Can Become the Financing Engine for Petrochemical Projects
  • Arak Machine Manufacturing Board Resigns Over Petrochemical Project
    Arak Machine Manufacturing Board Resigns Over Petrochemical Project
  • The CEO of Persian Gulf Holding prevented the lack of transparency
    The CEO of Persian Gulf Holding prevented the lack of transparency
  • Successful completion of major repairs at Pars Petrochemical with a significant reduction in time
    Successful completion of major repairs at Pars Petrochemical with a significant reduction in time
  • Successful completion of major repairs at Bu Ali Sina Petrochemical without stopping production
    Successful completion of major repairs at Bu Ali Sina Petrochemical without stopping production
  • Artificial Intelligence at the Service of Petrochemicals; Human-Centered Digital Transformation
    Artificial Intelligence at the Service of Petrochemicals; Human-Centered Digital Transformation

GAS

  • Iran’s central oil fields fulfill gas production and storage commitments 20 ساعت
  • Successful completion of gas refinery repairs; daily injection of 860 million cubic meters into the national network 21 ساعت
  • Southern Zagros ready to supply 20 percent of the country’s gas in winter 22 ساعت
  • Sustainability of gas production in South Pars, a golden leaf for the oil industry 4 روز
  • Seventh Development Plan; Iran’s ambitious oil and gas roadmap 5 روز
  • Tehran’s gas consumption increased from 34 to 57 million cubic meters 1 هفته
  • CEO of National Oil Company: Facilitative view of regulatory institutions is a condition for sustainable gas production 1 هفته
  • South Pars Third Refinery Ready to Support Gas Production in the Cold Season 1 هفته
  • Extensive operations to maintain the health of southern gas transmission lines 1 هفته
  • Russian gas entering Iran from Azerbaijan 1 هفته

Videos

Letter of 3 large manufacturing association to the president in support of the new currency decision

Letter of 3 large manufacturing association to the president in support of the new currency decision

Top News
  • Iran’s heavy oil price to drop by $10 in 2025
  • Deputy Oil Minister: Reforming the financial relationship between the government and the National Oil Company is a national obligation
  • CEO of National Oil Company: Scientific decision-making and agility are the keys to improving organizational efficiency
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