Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas

Parsian Oil and Gas Petrochemical Holding is one of the major players in the country's petrochemical industry, which, with about 20 percent of Iran's production capacity and complexes such as Pardis and Zagros, has earned the title of the country's largest urea producer and one of the most important methanol producers in the Middle East.

$700 million in gasoline savings by expanding ridesharing

Hossein Mirafazli, an energy expert, says: If only 10 percent of intracity trips are shared, about two million liters of gasoline will be saved daily, which is equivalent to more than $700 million in annual savings for the Iranian economy.

Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode

Petrofarhang Holding, the economic arm of the Farhangian Reserve Fund, has been able to consolidate its position as one of the main players in Iran's petrochemical industry in recent years, focusing on methanol production and developing petrochemical projects, and has emerged from losses with significant growth in production and profitability.

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Iran sanctions waiting for Venezuela?

Venezuela, having the world's largest proven oil reserves, is under US sanctions, resulting in difficult economic conditions. Of course, since last year, the Biden government reduced some of these oil sanctions on the condition of holding free elections. Now and after the recent events, there is a possibility that the Biden administration, fearing the increase in oil prices, instead of sanctioning this sector, will resort to sanctions similar to Iran, i.e. individuals and governmental institutions.

An unprecedented record of peak electricity consumption in the country compared to last year

The Minister of Energy said: The country's peak electricity consumption has so far exceeded the peak consumption of the previous year by 23 times, and this situation makes the operation of the electricity industry difficult.

Tehran Electricity Distribution Company’s request to people to reduce consumption

In an announcement, Tehran Bozor Electricity Distribution Company asked the people of Tehran to reduce their electricity consumption.

Reducing electricity restrictions for Tehran’s cement industry

The Secretary of the Cement Industry Employers' Association announced the agreement with the Ministry of Energy to reduce the restrictions of units in the central regions (Tehran) from this week.

The news of the Minister of Energy about the unprecedented heat record

Stating that the peak electricity consumption in the summer of last year was 72 thousand 725 megawatts and this year 79 thousand 189 megawatts, the Minister of Energy said: This week, the historical record of temperature increase in Tehran will be broken.

63% increase in income due to the increase in production volume in Fajr Energy

According to the quarterly report of Fajar Gulf Energy Company this spring, Fajar has managed to identify 4,641 billion Tomans in revenue in the spring of 2024, which has increased by more than 63% compared to the same period last year.

The plan of the Ministry of Oil to deal with gas theft

CEO of Iran Gas Engineering and Development Company explained the grand and strategic plan of the Ministry of Oil and Gas Industry to end gas theft and find missing gases.

Attracting foreign investment by developing relations with neighboring countries

The head of Iran's Investment and Economic and Technical Assistance Organization found membership in the Shanghai and BRICS agreements to be effective in attracting foreign investment and added: A large part of the 11 billion dollars of foreign investment was attracted by the countries that are members of these agreements.

Power plant units were put on standby

The CEO of the thermal power company stated that 6,000 personnel are on standby 24 hours a day in the power plant units and added: 48 power plant units have been built in the country in the last three years.

An increase in air heat and the possibility of an increase in electrical accidents

Director General of Engineering and Management of Tavanir Electricity Network, referring to the increase of 6,000 megawatts in the consumption of the network compared to the previous year, asked the people to help the electricity industry in passing the summer by observing the consumption pattern.