Persian Gulf Holding or Mostazafan Foundation? Which one will win the development of the Kish gas field?

Persian Gulf Holding or Mostazafan Foundation? Which one will win the development of the Kish gas field?

After years of stagnation, ignorance, and uncertainty, the name of the Kish gas field is now on the lips again, and news indicates that the first phase of this field has been completed and it is ready to produce 28 million cubic meters of gas per day. But what has put the Kish gas field on the verge of a major change is the dire need for investment for the second, third, and even fourth phases; a project that requires about $8 billion in financial resources; meanwhile, rumors indicate that Persian Gulf Holding is the most serious option to enter this field.

Breaking News

$780 billion in revenue through the implementation of the pressure-raising plan

$780 billion in revenue through the implementation of the pressure-raising plan

The executive of the strategic plan for increasing pressure in the South Pars gas field, referring to the details of this huge and strategic project, said: "With the implementation of this plan, the field's recovery rate will increase from 54 percent to 75 percent and will have an economic value of $780 billion for the country."
Will the plan to transfer fuel quotas from cards be implemented?

Will the plan to transfer fuel quotas from cards be implemented?

The plan to transfer gasoline quotas from fuel cards to bank accounts is one of the latest changes in fuel distribution policies in Iran, which was proposed to increase transparency, prevent smuggling, and improve fuel consumption management. This idea has been discussed several times in recent years, and finally, a contract for the pilot implementation of this plan was signed yesterday.
Refueling is now possible with a bank account

Refueling is now possible with a bank account

The CEO of the National Petroleum Products Refining and Distribution Company said: "We hope that within the coming months, in coordination with the Central Bank, the Ministry of Economy, and the Non-Operational Defense Organization, we will be able to implement a new refueling model based on the bank accounts of car owners."
Drilling of a gas well in Khanqiran completed

Drilling of a gas well in Khanqiran completed

The drilling of the 79th Khanqiran development well in Khorasan Razavi Province was successfully completed with the efforts of the Technical Affairs Management of the Central Iranian Oil Company.
78% of the country’s delivered gas is consumed in the domestic sector

78% of the country’s delivered gas is consumed in the domestic sector

A spokesman for the National Iranian Gas Company announced that 78 percent of the total gas delivered to the national network was consumed in the domestic, commercial, and small industrial sectors as the weather got colder, saying: "675 million cubic meters of gas were consumed in this sector yesterday."