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.
The cleanup operation of more than 2,000 cubic meters of contaminated soil left over from past operations in the Aban and Paydar Gharb oil fields has begun.
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."
In the past year, the National Iranian Oil Refining and Distribution Company has implemented six important and strategic projects with an investment of approximately 840 million euros in expanding transmission infrastructure and refinery capacity. Another strategic project worth approximately 2 billion euros is currently being implemented and will be completed by the end of the year.
The Foreign Ministry spokesman stated that we have always emphasized bilateral talks with Kuwait to reach a fair and lasting agreement and understanding regarding the Arash gas field, adding: "Based on historical rights and the history of negotiations, we do not accept unilateral claims about this field under any circumstances."
The Ministry of Petroleum in the 14th government has put four main axes on the agenda: price policies, non-price policies, fuel portfolio diversification, and combating off-grid supply and smuggling, and has taken a major step towards curbing the gap between supply and demand, efficiency, justice, and sustainability in the country's energy distribution system.
A call for granting facilities was published in accordance with the instructions of Note 2 of the 1403 (2024) budget law for the entire country with the approach of developing knowledge-based businesses in the oil industry.
The CEO of the National Iranian Oil Refining and Distribution Company announced an increase of 180,000 barrels in the country's refining capacity by the end of this year and said: "Three important projects: oil and gas quality improvement at the Shiraz Refinery, kerosene quality improvement at the Isfahan Refinery, and the gasoline unit at the Tehran Refinery will be put into operation by the end of 1404."
The CEO of the Iranian Gas Transmission Company announced the sustainable transmission of 260 billion cubic meters of gas in the first year of the 14th government.
The loading and installation of the SP11A jacket of the Phase 11 development plan of the South Pars Joint Gas Field began in the presence of the Governor of Bushehr, the CEO of Petropars Group, the CEO of Sadra Company, and executives of Pars Oil and Gas Company and Petropars.
