Showy MoUs Have Grounded Iran LNG Project
The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.
Iranian shipping giant brought to its knees; Asadollah Imamjuma and his son placed on US blacklist
The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.
Energy self-sufficiency in the petrochemical industry; Persian Gulf Holding’s multi-billion dollar step in developing solar power plants
Persian Gulf Holding, with its massive $2 billion plan to build a 5,000-megawatt solar power plant, is seeking self-sufficiency in energy supply and reducing dependence and pressure on the national grid.
Breaking News
South Pars Gas Complex’s Efforts to Reduce Gas Flaring to Below 5 Million Cubic Meters
Referring to the government's emphasis on reducing gas flaring, the CEO of the Pars Special Zone Organization said: "The South Pars Gas Complex is implementing a 200 million euro project, and with the completion of this project, gas flaring will fall below 5 million cubic meters by the end of 2025."
Iran’s oil exports to China increase
The American news outlet reported that the flow of oil from Iran to China increased this month after traders overcame logistical obstacles caused by US sanctions.
Pezeshkian: Bilateral cooperation between Iran and Russia in the energy sector is positive
The President assessed the bilateral cooperation between Iran and Russia in the energy, industry, transportation, and trade sectors as very good and positive, and said: "The signing of the Comprehensive Strategic Cooperation Agreement between Iran and Russia is one of the most important manifestations of cooperation between the two countries."
Holding the First National Digital Oil Refinery Conference
The first national digital oil refinery conference and the second national idea show event were held by the Innovation and Entrepreneurship Center of the Abadan Petroleum Faculty in cooperation with the Abadan Oil Refining Company with the aim of introducing and improving the quality level of using artificial intelligence in the industry.
Collection of flare gases from East Karun by the end of the year
Referring to the project to collect gases from the East Karun flares by the Persian Gulf Bidblond Company, the CEO of the National Petrochemical Industries Company said: "By the end of this year, 14 flares from this project will be extinguished."
A meeting and consultation between the Minister of Economy and the President of the OPEC Fund was held
The Minister of Economy and Finance met and discussed with the head of the OPEC Fund on the sidelines of the annual conference on challenges and opportunities facing emerging economies in Saudi Arabia.
Gasoline imports handed over to the private sector
Regarding the latest status of importing super gasoline by the private sector, the CEO of the National Petroleum Products Refining and Distribution Company said: "With the coordination made with the Ministry of Economy, it will soon be possible to issue licenses to the private sector."
9 capital projects approved in Karun oil and gas
The head of planning at Karun Oil and Gas Exploitation Company announced the approval of nine capital projects in the company, estimated at around one trillion tomans in 1403.
Bilateral cooperation agreement between the National Iranian Gas Company and the Ministry of Communications to solve the problem of energy imbalance
The Deputy Minister of Oil for Gas Affairs emphasized: For better management of energy resources, cooperation between the government, parliament, and the private sector can also help create effective solutions to solve energy imbalance problems.
Increasing consumption of refined products despite the upward trend in production over the past ten years
With the growth and development of domestic knowledge-based companies, 85 percent of the refining industry's equipment is now domestically manufactured, and in a refinery overhaul operation, up to 25,000 parts are sometimes replaced.
