The National Oil Company owes the National Development Fund $17 billion
The chairman of the National Development Fund's executive board said: "The National Oil Company directly and indirectly owes about $17 billion to the Development Fund."
The Executive Plan for Oil Financial Transparency was reviewed by the Seventh Program’s Steering Council
The "Executive Plan for Transparency of Revenues and Expenditures of the National Iranian Oil Company," subject of Section 18 of Article 119, was discussed at today's meeting of the Steering Council of the Seventh Progress Program.
Success of major repairs at South Pars Site 2 relying on Iranian knowledge
The deputy head of Site 2 of the South Pars Gas Complex announced the successful implementation of major repairs at the refineries of this site and said: "This operation, relying on local technical knowledge and equipment, is an important step in increasing the productivity and sustainability of natural gas production."
China’s decisive response to the US: Oil purchases from Iran and Russia continue
In response to US calls to stop buying oil from Iran and Russia, China's Foreign Ministry stressed that Beijing will not change its energy policy under external pressure.
Water crisis in Iranian dams; only 43 percent of reservoir capacity is full
Currently, despite 22.2 billion cubic meters of water stored in the country's dams, 43 percent of the dam reservoirs' capacity is full and 57 percent of this capacity is empty.
Average daily gas consumption in power plants reached 306 million cubic meters
Power plant gas consumption remained at its highest level in the week ending August 10, bringing the average daily consumption of this sector to more than 306 million cubic meters.
Stabilizing production of 55,000 barrels of crude oil with technical reforms at Karun Company
Karun Oil and Gas Exploitation Company has taken a major step in increasing production capacity by implementing technical and operational reforms in upstream and downstream facilities, while stabilizing daily production of 55,000 barrels of crude oil.
Why has Iran not been successful in building refineries?
Refining expert Mehdi Mohseni, referring to the global energy transition trend, emphasizes that developing and building new refineries without improving the demand side will not lead anywhere. In his opinion, the main solution is to increase the complexity factor and create additional units in existing refineries.
Increasing gas transmission capacity in the north of the country
The Director of Region 4 of Iran's Gas Transmission Operations announced: By transferring the second compressor of the Farouj gas booster station to the Ramsar station, gas transmission capacity will be improved during the cold season and the infrastructure of gas booster stations in the north of the country will be strengthened.
Significant growth in drilling operations in the oil-rich areas of the south; 40 wells in four months
The Deputy CEO of the National Iranian Drilling Company announced the drilling and completion of 48 oil and gas wells in the first four months of this year in the country's onshore and offshore areas.