11 billion dollar project with an empty account; Dangerous game of banks in Azadegan oil field
The last condition of Mohsen Paknejad for the implementation of the Azadegan oil field contract is to deposit 800 million dollars to the account of Dasht Azadegan Arvand Company. A condition that banks have been unable to fulfill until today.
Refining and Distribution CEO: Technological opportunities in the refining industry are vast; the move towards data-driven management is gaining momentum
The CEO of the National Iranian Petroleum Products Refining and Distribution Company, emphasizing the move towards data-driven management and smart fuel chain, said: "The opportunity for technological and data-driven work in the refining and distribution industry is very broad. What is important in this path is the right direction, prioritizing issues, and defining effective cooperation models."
Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf
Persian Gulf Petrochemical Industries Holding, as the second largest petrochemical holding in the Middle East and the largest player in this industry in Iran, plays a key role in meeting domestic needs and the international standing of this industry, with more than one-third of the nominal capacity of the country's petrochemical industry.
Breaking News
Iran’s heavy oil price to drop by $10 in 2025
According to OPEC, the average price of Iranian heavy oil in 2025 fell by more than $10 compared to last year, reaching $70.7; a trend similar to the OPEC oil basket, which has fallen by 30% over the last three years.
Deputy Oil Minister: Reforming the financial relationship between the government and the National Oil Company is a national obligation
Referring to Article 15 of the Seventh Plan Law, Sajjad Khalili emphasized that without changing the financial rules and increasing the actual share of the National Oil Company, it is not possible to maintain production levels and achieve development goals.
CEO of National Oil Company: Scientific decision-making and agility are the keys to improving organizational efficiency
Hamid Board emphasized at the ceremony honoring structural engineering and information technology managers that proper organization and decision-making based on current knowledge are the main solutions for solving employee issues and improving the quality of work.
Slow decline in refining industry; Tehran and Bandar Abbas refineries under pressure from production decline
According to an exclusive report by Energy Press, the refining industry entered the second half of the year in October 1404 with a slow setback and without significant jumps. This trend was repeated last month, and two refineries in Tehran and Bandar Abbas had a decrease in production. On the one hand, some refineries were able to maintain the improvement trend in monthly production and sales.
Iran’s central oil fields fulfill gas production and storage commitments
The CEO of the Central Iranian Oil Company announced: "In the first half of this year, the company was able to successfully implement its commitments in the field of gas production and gas storage in the Shurijeh and Sarajeh reservoirs."
Successful completion of gas refinery repairs; daily injection of 860 million cubic meters into the national network
The Director of Coordination and Supervision of Production at the National Iranian Gas Company announced that with the successful completion of major repairs to refineries and more gas storage than last year, a daily injection capacity of 850 to 860 million cubic meters of gas has been provided to the national network, and a stable supply of winter fuel for the country has been guaranteed.
Southern Zagros ready to supply 20 percent of the country’s gas in winter
With the successful completion of major repairs in operational areas and equipment preparation, the Southern Zagros Oil and Gas Exploitation Company announced that it will produce about 162 million cubic meters of gas, 17,000 barrels of oil, and 48,000 barrels of gas condensate daily during the cold season, playing its strategic role in providing the country with sustainable energy.
Introduction to Tabriz Refinery; the refining hub of northwest Iran
Tabriz Oil Refinery, one of the most important refining centers in Iran, plays a key role in supplying the liquid fuel needed by northwest Iran by providing about 7 percent of the country's crude oil refining capacity.
Ethylene added to Bushehr petrochemical product portfolio
Alireza Mahdavi, CEO of Bushehr Petrochemical Company, announced the start of the launch of Bushehr Petrochemical Company's olefin unit.
Oil production in South Azadegan field increases by 8,500 barrels
The CEO of Arvandan Oil and Gas Company said: In the South Azadegan field, a plan was implemented to separate low-pressure wells from high-pressure wells and improve the flow conditions of oil pipelines to optimize and increase production, which led to an increase in production in this field of 8,500,000 barrels.
