The Director of Production and Operations of Pars Oil and Gas Company announced the replacement of the main 32-inch gas flow disconnection valves (ESDV) of South Pars gas platform No. 10 with the aim of increasing production safety and sustainability.
Iran is a country with a significant portion of its territory built on sedimentary basins, areas that could be the main source of hydrocarbon reserves. But the key question is which of these basins have the greatest discovery potential and why have some of them, such as Makran, received less attention?
Explaining the company's plans, the CEO of the National Southern Oilfields Company emphasized: "Given the global conditions of fossil fuels and environmental challenges, there is not much opportunity left to maximize the extraction of oil fields, so we must implement development and production increase plans with greater diligence and speed."
The financing of $545 million of the credits required to implement the associated gas collection project in the southern Ilam region in the Dehloran region came from the National Development Fund.
The manager of the first refinery of the South Pars Gas Complex announced the start of major repairs to the refinery with the technical and support teams fully prepared.
Energy expert Hedayatollah Khademi warned about the situation of the joint Arash oil field, saying that relying solely on diplomacy cannot protect Iran's interests, and that practical and technical measures in this field need to be initiated simultaneously with negotiations.
Officials at Behran Oil Company announced that the recent fire has no connection to the company. The HSE unit and the refinery firefighting team have also been deployed to the site with three fire extinguishers to carry out containment operations in the event of a possible spread.
The Deputy Managing Director of the National Iranian Drilling Company for Drilling Projects announced the completion of drilling operations and the completion of the first development well of the 6-well project in the Yadavaran oil field using the Fatah 92 drilling rig.
Refining industry experts warn that government intervention in pricing special products threatens the future profitability of refineries. According to refining industry expert Mehdi Mohseni, experience has shown that mandated pricing not only suppresses production, but also erodes industries' profit margins and creates the basis for rents.
Announcing an increase of 35 million tons in the petrochemical industry capacity by implementing 66 development plans in the Seventh Development Plan, the Planning and Development Manager of the National Petrochemical Company said: "In addition to increasing production capacity, completing the value chain with the aim of reducing dependence on exports of basic products is targeted in this plan."