11 billion dollar project with an empty account; Dangerous game of banks in Azadegan oil field
The last condition of Mohsen Paknejad for the implementation of the Azadegan oil field contract is to deposit 800 million dollars to the account of Dasht Azadegan Arvand Company. A condition that banks have been unable to fulfill until today.
Refining and Distribution CEO: Technological opportunities in the refining industry are vast; the move towards data-driven management is gaining momentum
The CEO of the National Iranian Petroleum Products Refining and Distribution Company, emphasizing the move towards data-driven management and smart fuel chain, said: "The opportunity for technological and data-driven work in the refining and distribution industry is very broad. What is important in this path is the right direction, prioritizing issues, and defining effective cooperation models."
Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf
Persian Gulf Petrochemical Industries Holding, as the second largest petrochemical holding in the Middle East and the largest player in this industry in Iran, plays a key role in meeting domestic needs and the international standing of this industry, with more than one-third of the nominal capacity of the country's petrochemical industry.
Breaking News
$600 million in annual revenue from flare gas collection
The Ministry of Oil announced that by implementing 12 new flare gas collection contracts, in addition to reducing pollution and saving national resources, 180 million cubic feet of light gas per day will be added to the production cycle. This measure is part of the country's energy consumption optimization program and addressing the country's energy imbalance.
MPs: Oil Ministry’s performance in collecting flare gases went beyond development plan
A number of members of the Islamic Consultative Assembly positively evaluated the performance of the Ministry of Oil in controlling flare gases and stated: "The 14th government has taken effective measures to reduce the waste of this national capital."
The fourth row of compressors at Azar Field has entered service
The executive of the Azar Oil Field Development Plan said: "With the announcement of the readiness of the Cheshmeh Khosh Gas and Liquefied Gas Plant (NGL 3100) to receive high-pressure gas from early November, the Azar Oil Field Development Plan has taken an important step towards the sustainable and optimal exploitation of associated gases, and the fourth-tier compressors for boosting the pressure of this field have entered the operation circuit."
Electric heating, the key to freeing Iran from deadly dependence on domestic gas
Energy expert Hossein Mirafazli believes that the way out of the gas consumption crisis is to reduce dependence on gas and expand the use of electricity in home heating; a model that many developed countries in the world have adopted for years.
An increase of 6.7 million cubic meters of gas delivered to the network
The Minister of Oil said: "The amount of gas delivered to the network has increased by about 6.7 million cubic meters per day, and oil and gas reserves in power plants have also increased by 130 percent. In light of these efforts, we are entering the cold season this year with very favorable conditions."
Iran and Russia emphasize accelerating implementation of Joint Economic Commission resolutions
A follow-up meeting on the implementation of the Memorandum of Understanding of the Iran-Russia Joint Economic Commission was held with the presence of the Deputy Minister of Oil and representatives of executive agencies. The meeting emphasized accelerating the implementation of the approvals, removing obstacles to cooperation, and preparing for the 19th Joint Commission by the end of the year.
Turbopump No. 3 at Persian Gulf Oil Terminal Successfully Repaired
Turbopump No. 3 of the Persian Gulf Oil Terminal's crude oil export terminal was successfully repaired with the efforts of the terminal's expert staff.
Get to know the Persian Gulf Star Refinery, the largest gasoline producer in Iran
The Persian Gulf Star Refinery, Iran's largest gasoline producer and the world's largest gas condensate refinery, plays an unparalleled role in Iran's energy supply by producing more than 45 percent of the country's fuel portfolio.
Iran’s oil discount to China reaches its highest level in a year
As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.
New gas pricing system aims to support low-consumption consumers and achieve subsidy justice
The Director of Coordination of Gas Supply Affairs at the National Iranian Gas Company announced: "The new natural gas pricing system, in addition to supporting low-consumption and low-income groups, creates the necessary incentive to save and optimize consumption in unproductive economic sectors, and this is an important step towards sustainable energy supply and achieving justice in the distribution of subsidies."
