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

Announcement of the official selling price of Iranian oil in July

According to the announcement by the National Iranian Oil Company, the price of Iranian light oil will be offered to Asian customers in July 2025 at a price nearly $1.5 higher than the base price (Oman/Dubai crude oil price).

Implementation of 36 consumption management packages in the country’s electricity industry

Referring to the design and implementation of 36 consumption management packages in the country's electricity industry, the Director General of Energy and Customer Affairs of the Electricity Industry said: "These packages have been developed and implemented with the aim of reducing electricity consumption, overcoming the summer peak load, and providing sustainable energy."

3% reduction in energy consumption at South Pars Second Refinery

The DM Water Unit Optimization Project of the South Pars Second Refinery resulted in complete self-sufficiency in industrial water supply by increasing the desalination capacity by 60% and reducing energy consumption by 3%.

Major repairs of South Pars Phases 5 and 6 platforms completed

The head of production operations at Pars Oil and Gas Company announced: Major repairs to the gas platforms of phases 5 and 6 of South Pars have been completed with the aim of maintaining sustainable gas production.

84% of the country’s electricity industry’s receivables have been collected

The Deputy Director of Distribution Coordination at Tavanir Company announced that 84 percent of the electricity industry's debts were collected during the first three months of this year.

Saeed Tavakoli: Gas supply continued without disruption during recent attacks

The CEO of the National Iranian Gas Company said: "During the recent attacks, by carrying out more than 6,000 operations, the complete stability of the country's gas network was maintained and there was no disruption in the supply of gas to consumers."

Energy Commission Chairman: Iran’s oil sales route remains open despite sanctions

Referring to the new US sanctions, the head of the Parliament's Energy Committee said: "Iran knows ways to circumvent the sanctions, and Washington's oil policies to disrupt oil sales have failed."

Oil Minister: Aggression against energy-producing countries is a threat to global stability

Stating that aggression against energy-producing countries is a violation of international law and a threat to global stability, the Minister of Oil said: "The energy industry, and especially oil, in today's interconnected world, needs peace and stability to play its role in promoting national, regional, and global prosperity."

Wetland ecosystems under severe drought and land use change pressure

The secretary of the country's climate change scientific network said: "The dried-up wetland and the surrounding bare land will become active dust centers. Exactly what we are witnessing today; dust storms of internal origin such as around Tehran, Qom, and Markazi, which disrupt life in metropolitan areas."

Power plant gas consumption exceeds 305 million cubic meters

Statistics show that out of the total consumption of more than 4.3 billion cubic meters of natural gas in the three sectors of power plants, major industries, and household, commercial, and small industries last week, more than 2 billion cubic meters were consumed by power plants, which peaked on Monday and exceeded 305 million cubic meters.

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