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.
Breaking News
Stopping the increase in electricity costs for industrial subscribers
The Deputy Secretary of the Business Support Committee said: "In the meeting of this committee, the Ministry of Energy reviewed the increase in electricity costs for industrial subscribers and decided to suspend the Ministry of Energy's circular in this regard."
Babak Zanjani has neither been released nor is he on leave
The Judiciary Spokesperson provided explanations regarding the news published regarding the release of Babak Zanjani.
Domestic gas consumption reached 590 million cubic meters
A spokesperson for the National Iranian Gas Company announced the consumption of 590 million cubic meters of gas in the domestic, commercial, and small industrial sectors.
Gas cut off to 272 government offices in Tehran due to lack of savings
The CEO of Tehran Provincial Gas Company announced that gas flow to 272 government offices in Tehran has been cut off due to lack of energy conservation.
Reduction in production of Iranian methanol producers
In 2024, all listed methanol producers experienced a decline in production.
The latest statistics on the filling of the country’s dams: 57 percent of the dam reservoirs are empty
According to the latest statistics from the beginning of the water year until January 28, 15 dams in the country have less than 20 percent water, and the volume of water in the reservoirs is 43 percent.
The situation of fuel smuggling was placed on the agenda of the Parliament’s Energy Committee
Members of the Energy Commission of the Islamic Consultative Assembly will review the situation of petroleum product smuggling this week in the presence of the CEO of the National Petroleum Products Refining and Distribution Company.
Allocation of 800 million euros to modernize drilling fleet equipment
The CEO of Arvandan Oil and Gas Company said: "This company makes optimal use of the technical and engineering capacities and capabilities of the National Iranian Drilling Company."
Emphasis on the necessity of supplying gas to the northeastern provinces of the country in winter
The CEO of the National Iranian Oil Company, pointing to the importance of strengthening technical management and gas storage, emphasized the need for foresight in the exploitation of reservoirs and said: "With redoubled efforts, gas supply to the northeastern provinces of the country in the coming winter must be carried out without problems."
Bandar Imam petrochemical exports grew by 35 percent
Bandar Imam Petrochemical Company has succeeded in exporting one million and 6 thousand tons of products to international markets in the first 9 months of 2024, which represents a 35% growth compared to the same period last year.
