From reckless policymaking to official warning to petrochemicals; Iran’s propylene market at risk
Despite the special capabilities in developing the propylene value chain, due to excessive licensing and lack of sound policymaking by the National Petrochemical Company, this market is becoming saturated and is on track to suffer a similar fate to methanol production units.
Get to know one of the most modern refineries in Iran, Bandar Abbas Oil Refinery
Bandar Abbas Oil Refining Company, as one of the 10 largest refineries in the country, plays a key role in providing Iran with the energy and products it needs. The refinery was built on an area of about 770 hectares, 20 kilometers west of Bandar Abbas city and on the northern shore of the Persian Gulf, and went into operation in 1997 with an initial capacity of 232,000 barrels per day.
Iran’s electricity is caught in false pricing; power plants don’t even cover their maintenance costs
The CEO of Jamco said: "The electricity economy in Iran is paralyzed; power plants are not even making ends meet for their repairs, let alone building new ones." He warned that incorrect electricity pricing has caused investors to flee the sector and that the electricity imbalance is deepening every year.
Breaking News
Electricity bill of 15 million tomans per month was issued for 200 subscribers
The CEO of Tehran Power Distribution Company stated: 15 million tomans monthly electricity bills have been issued for 200 high-consumption subscribers. According to Energy Press, Cambyz Nazerian said in a press conference today and in response to ISNA’s question about the issuing of bills and fines for high-consumption customers, policies have been planned with the
The price of oil increased
Global crude oil prices rose following a significant US withdrawal from stockpiles. According to Energy Press, the release of industrial data indicating a significant drawdown of oil reserves in the United States, the world’s largest fuel consumer, as well as the negative impact of the hurricane in the Gulf of Mexico on investors caused oil
Compensating the gas imbalance in winter by operating phase 11 of South Pars
Pointing out that phase 11 of the South Pars common field is the most border phase of this field, the oil minister said: by operating phase 11, in addition to compensating the gas imbalance in winter, gas migration to the neighboring country (Qatar) was also prevented. According to Energy Press, Javad Oji pointed out that
Office working hours will return to normal
The spokesperson of the electricity industry pointed out: We had planned a target of 1000 megawatts for administrative and general customers, which was achieved by modifying the working hours and monitoring the consumption of cooling systems by more than 85%, and this program continues until Shahrivar 15. The working hours of the offices will also
Oil prices fell
Oil prices fell on Tuesday amid concerns over the possibility of further interest rate hikes in the US, which could affect fuel demand, as well as a tropical storm approaching the US Gulf Coast region. According to Energy Press, oil prices fell on Tuesday (September 7th) due to concerns about the possibility of a further
Last year, 16 billion dollars worth of petrochemical products were exported
Referring to the annual production capacity of 92 million tons of the country’s petrochemical industry, the Minister of Oil said: Last year, $16 billion worth of petrochemical products were exported. According to Energy Press, Javad Oji today (Monday, 6th of Shahrivar) during the ceremony of the official start of gas extraction from Phase 11 of
Sometimes some rumors are denied by the statesmen; But they are implemented
The representative of the people of Khuzestan in the parliament said about the rumor of the increase in the price of gasoline, that experience has shown that many times some rumors are strongly denied by the government, but it is not long before the same rumor is implemented in the society.According to the reporter of
Oil Pipelines and Telecommunications Company’s help to contain the fire of the Gore-Jask pipeline
Iran Oil Pipelines and Telecommunications Company intervened to help contain the fire of Gore-Jask crude oil pipeline.According to Energy Press, according to the Iranian Oil Pipeline and Telecommunications Company, the 42-inch Gore-Jask crude oil pipeline from the projects owned and implemented by the Oil Engineering and Development Company (Metan) caught fire this morning (Monday, September
