The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?
Nili warns that if no solutions are found, large industrial enterprises will also shrink within the next 10 years.
Blending methanol with gasoline is a better alternative than converting it
The CEO of Zagros Petrochemical Company did not consider the plan to convert methanol into gasoline to be cost-effective under current economic and technical conditions.
Declining demand for gasoline has cast doubt on the future of the methanol-to-gasoline conversion project
The CEO of Shastan Commercial Investment Company believes that the plan to convert methanol into gasoline is a risky investment in the current circumstances and given global developments.
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Producing gasoline from methanol ruled out
Not long ago, Iranian methanol producers raised the issue of producing gasoline from methanol.
Product production at Bushehr Petrochemical reached 3 million tons
In the first 9 months of this year, Bushehr Petrochemical succeeded in producing about 3 million tons of various petrochemical products and more than 547 million cubic meters of ancillary services.
Using petrochemical capacity in the campaign to reduce gas consumption by 10 percent
A memorandum of understanding was signed between the National Petrochemical Industries Company and Zagros Petrochemical Company to use the capacity of this petrochemical company in a campaign to reduce gas and electricity consumption by 10 percent in the domestic and commercial sectors.
Khark Oil Terminal plays a vital role in achieving the oil industry’s major goals
Emphasizing the strategic position of the Kharg Oil Terminal, the CEO of the Iranian Oil Terminals Company introduced transformation and innovation as the company's main strategies, and considered special attention to human resources as the key to development and improving productivity.
Providing $23 billion from the National Development Fund for 60 oil and gas projects
The chairman of the National Development Fund's executive board said: "The Economic Council has passed a resolution to increase oil production by 250,000 barrels per day, which the Fund is participating in financing."
$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis
During a ceremony to address the gas imbalance crisis, the National Petrochemical Company and Zagros Petrochemical Company signed a memorandum of understanding. The aim of this memorandum is to reduce gas consumption by 10 percent in the domestic and commercial sectors and increase the share of gas allocated to the petrochemical industry, which could lead to increased production and foreign exchange earnings. This is while the petrochemical industry is facing challenges such as gas outages at 12 petrochemical plants and feed shortages.
Meeting of the Heads of State focused on solutions to address the country’s main imbalances
A meeting of the heads of the three branches of government was held, hosted by the President and attended by a group of managers of economic ministries, to examine solutions to address the country's main imbalances.
Regarding the issue of fuel smuggling, we must move towards prevention and law enforcement
The spokesman for the Energy Commission of the Islamic Consultative Assembly stated that strict implementation of the law with serious determination is necessary to reduce fuel smuggling, and said: "It is necessary to take seriously solutions such as smartization and metering in line with the fight against smuggling."
Gas consumption increases at the end of the week
The Deputy Minister of Oil for Gas Affairs said: "According to the predictions made on Thursday and Friday this week, gas consumption will peak, which shows the need for consumption management."
Tripartite Memorandum of Understanding for the Plan to Revive Closed and Low-Productivity Oil Wells
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.
