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

Domestic gas consumption reaches record 681 million cubic meters

The Minister of Oil said: "In Bahman, we delivered 52 million liters of diesel per day to power plants, which is a record of its kind."

Expanding Iran-Turkmenistan oil cooperation in the field of oil and gas

The Iranian Oil Minister and the Turkmen Foreign Minister emphasized the deepening of cooperation between the two countries in the fields of oil and gas and discussed areas for expanding cooperation.

Petrochemical companies’ accounts are frozen at the same time as gas is cut off

Matin Didari raised the demands of the petrochemical industry in a meeting attended by the President.

53% of the country’s cars are worn out

The CEO of the National Petroleum Products Distribution Company said: "Vehicle wear and tear is the main factor in high gasoline consumption and air pollution. The CNG fuel development plan has been put on the agenda as one of the solutions to reduce gasoline consumption and air pollution."

Localization of 271 strategic goods in the South Pars Gas Complex

The CEO of the South Pars Gas Complex Company said: "With the support of domestic producers, this company has succeeded in securing first-time construction contracts and saving 4 trillion rials."

12 CNG stations put into operation in the country

The CNG project manager of the National Iranian Petroleum Products Distribution Company announced the operation of 12 new CNG stations in 6 provinces of the country.

Nowruz gasoline quota removed; there are sufficient reserves to supply fuel

The CEO of the National Petroleum Products Distribution Company announced that the Nowruz gasoline quota will not be allocated and announced that he has made the necessary arrangements to provide the fuel needed by compatriots during the Nowruz holidays.