From reckless policymaking to official warning to petrochemicals; Iran’s propylene market at risk

Despite the special capabilities in developing the propylene value chain, due to excessive licensing and lack of sound policymaking by the National Petrochemical Company, this market is becoming saturated and is on track to suffer a similar fate to methanol production units.

Get to know one of the most modern refineries in Iran, Bandar Abbas Oil Refinery

Bandar Abbas Oil Refining Company, as one of the 10 largest refineries in the country, plays a key role in providing Iran with the energy and products it needs. The refinery was built on an area of about 770 hectares, 20 kilometers west of Bandar Abbas city and on the northern shore of the Persian Gulf, and went into operation in 1997 with an initial capacity of 232,000 barrels per day.

Iran’s electricity is caught in false pricing; power plants don’t even cover their maintenance costs

The CEO of Jamco said: "The electricity economy in Iran is paralyzed; power plants are not even making ends meet for their repairs, let alone building new ones." He warned that incorrect electricity pricing has caused investors to flee the sector and that the electricity imbalance is deepening every year.

Breaking News

Why do China and India continue to buy oil from Russia and Iran despite US warnings?

Despite Trump's explicit threats and pressure from Washington, China and India continue to import cheap oil from Russia and Iran, a decision rooted in economic interests and an independent energy policy. Could this move pose potential risks for them from Trump?

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."

Chains that are not yet complete; Behind the scenes of the failure of MTO and MTP projects in Iran

While value chain development has become a common buzzword in Iranian petrochemical industry literature, many projects, including MTO and MTP, are still stalled at the raw material sales stage. Petrochemical expert Mohsen Ansari considers “the need for large investments” and “feed instability” to be the most important reasons for the failure of these projects. According to him, in the current situation, the “ethylene” and “propylene” chains have the greatest potential for real completion in Iran and more focus needs to be placed on their development.

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.

Getting to know one of Iran’s petrochemical companies: This part is Maroon Petrochemical

Maroon Petrochemical Company is one of the largest petrochemical production complexes in Iran, which was established on February 1, 1998, with the aim of implementing the Seventh Olefin Project.

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.

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