A tripartite memorandum of understanding for the implementation of the Note to Article 13 of the Economic Council's resolution for the plan to revive closed and low-yielding oil wells was signed between the Innovation and Prosperity Fund, the National Iranian Oil Company, and the Oil Industry Technology and Innovation Park.
In 2024, all listed methanol producers experienced a decline in production.
Bandar Imam Petrochemical Company has succeeded in exporting one million and 6 thousand tons of products to international markets in the first 9 months of 2024, which represents a 35% growth compared to the same period last year.
An innovative pilot project in Yazd has shown that rewarding people for saving gas can achieve amazing results. Energy expert Hamed Sahebhonar believes that the project could be a model for the entire country and, with proper investment, generate billions of dollars in foreign exchange annually for the country.
The CEO of the National Iranian Oil Engineering and Construction Company announced the implementation of the "Real-time Monitoring of the Supply Chain and Distribution of Petroleum Products" project and said: "By equipping the supply chain with metering and monitoring systems, online and accurate information from each stage will be transferred to the monitoring center, and this information will be utilized in identifying problems, predicting needs, and better managing resources."
The head of the South Pars Gas Complex power plant stated that the nominal capacity of this power plant is 1,000 megawatts, and said: "With the launch of the combined cycle development plan of three steam blocks, this capacity will increase."
The director of the National Petroleum Products Distribution Company in Tehran said: The average daily consumption of gasoline in Tehran is 22 million liters.
Iranian urea export prices for January loading have increased to $307 per ton on a FOB basis, compared to $303-$304.5 per ton previously.
The second Trump administration is seeking to impose sanctions on 35 companies and ships to increase pressure on Iran, but experts believe that market conditions and the lack of support from China and Arab countries will prevent this from happening.
An energy expert said: "The energy imbalance in the country is increasing every year, such that gasoline consumption has increased by 50 percent in five years, and a similar situation exists in other energy carriers. It seems that in these circumstances, an energy ministry should be established."
