Historic overhaul in Shazand, disruption in supply, and new hope for Sharak shareholders
Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.
Even with the shutdown of industries, domestic gas is running low!
An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.
Kermanshah Petrochemical: From gas shortage to production surge; urea and ammonia hit record highs
Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.
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Creating a 150 billion dollar opportunity in Iran’s petrochemical industry
The CEO of the National Petrochemical Industry Company said: About 150 billion dollars of investment opportunities are being provided in Iran’s petrochemical industry for the next 10 years. According to Energy Press, Morteza Shahmirzaei today (Monday, 13th of Shahrivar) during the signing ceremony of the memorandum of understanding for the provision of technical know-how and
When will urea producers’ demand of 45 thousand billion tomans from the government be paid?
The demands of Iranian urea producers have recently been registered in the government’s debt and obligations system, but it is still unclear when the government will pay its debt. According to Energy Press, Iranian urea producers demand 45 thousand billion tomans from the government. Recently, this claim has been registered in the government’s debt and
Determining the feed rate based on the formula increases profitability
The secretary general of the Iranian Investment Institutions Association emphasized the role of the Ministry of Economy and the Stock Exchange Organization in changing the feed rate of petrochemicals and said: Returning to the formula will lead to economic development through large companies with the ability to compete in global markets and increase the profitability
Favorable openings have been achieved in the sale of Iranian oil
The spokesperson of the Energy Commission of the Islamic Parliament said: Very favorable openings in the sale of Iranian oil have been achieved by relying on the knowledge, experience and follow-ups of the Minister of Oil and the group of the Ministry of Oil. According to Energy Press, Mustafa Nakhai, emphasizing that the Ministry of
25% increase in the supply of petrochemical products in the commodity exchange
The Secretary General of the Petrochemical Industry Employers’ Association, emphasizing that the foreign exchange of petrochemicals is still at the top of the country’s production companies, said: “The supply of petrochemical products in the commodity exchange has increased by 25% in the five months of this year compared to the same period last year, with
If the interests of the shareholders of Isfahan Refinery are not secured, we will complain to the inspection and the stock exchange
In a letter, the shareholders of Isfahan Refinery demanded to secure their interests. Yesterday, Energy Press investigated Sepahan oil stocks in a report that Isfahan Oil Refinery has decided to buy 33% of the company’s shares at a price of 150% more expensive, i.e. at a price of more than 23 thousand billion. This transaction
Was Ayatollah Khamenei’s prediction about the end of American oil wrong?
The oil revolution and actually hydraulic fracturing made America change from a dependent importer to a reliable producer. The anti-development thinking in the body of the Iranian oil industry is against the use of technology that transformed the oil future of the United States. According to the reporter of Energy Press, the prediction of the
The need to use renewable energy in electricity production
A member of the Energy Commission of the Islamic Council, stating that we are witnessing the imbalance of electricity in the field of gas and electricity, said: We must use renewable energy in electricity production. According to the report of Energy Press, Hossein Hosseinzadeh stated about energy consumption management solutions: We have disharmony in the
Iran’s leader of the revolution’s warning about investing in the oil industry/ increasing production by 40%
Pointing out that the Leader of the Revolution said that the increase in investment in the oil industry should lead to an increase in production growth, the Minister of Oil said: With the increase in investment, nearly 40% has been added to Iran’s oil production. According to Energy Press, in the recent meeting between the
Iran’s industrial electricity consumption is equal to the combined consumption of three European countries
Based on the extracted statistics, the electricity consumption of Iran’s industries is equivalent to the total electricity consumption of the three countries of Switzerland, Denmark and Ireland, while these three countries have a gross domestic product of 1732 billion dollars with this amount of electricity, but inside, the industrial units are equivalent to 130 billion
