Historic overhaul in Shazand, disruption in supply, and new hope for Sharak shareholders

Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.

Even with the shutdown of industries, domestic gas is running low!

An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.

Kermanshah Petrochemical: From gas shortage to production surge; urea and ammonia hit record highs

Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.

Breaking News

Developing the country’s commercial ports based on a comprehensive plan

The head of the Ports and Maritime Organization, while announcing the latest status of Makran Port, said: "The capacity of the country's ports is about 295 million tons, but 80 million tons of this capacity is empty. To optimize the capacities, with the sharp vision of the Supreme Leader, the government and the Islamic Consultative Assembly have taken steps towards realizing sea-oriented development."

Preparations of Tehran region pipelines to supply Tehran with fuel during holidays

The director of the Tehran Regional Oil Pipelines and Telecommunications Company announced the complete readiness of this complex to supply fuel to Tehran Province and the northern half of the provinces during Nowruz, saying: "The necessary arrangements have been made to provide the petroleum products needed by the people and travelers during the Nowruz holidays."

Signing of a Memorandum of Understanding on Cooperation in Oil-Prone Areas and Exploration

The National Southern Oilfields Company and the Exploration Management of the National Iranian Oil Company signed a memorandum of understanding to cooperate in exploration, development, and production processes.

Transfer of shares in Persian Gulf Petrochemical Industries

The divestiture board made key decisions regarding the divestiture of shares in Persian Gulf Petrochemical Industries at its 430th meeting in the first week of March this year.

Exploitation of the first well of the infill project in South Pars

The CEO of South Pars Oil and Gas Company said: "The first well of the South Pars in-field drilling plan of 35 wells has been put into production with the aim of maintaining gas production from the field."

Domestic gas consumption reaches 65 percent

Gas consumption in the domestic, commercial, and industrial sectors is over 550 million cubic meters, accounting for 65 percent of the total gas delivered to the national network.

The seizure of Iranian tankers is not true

The Foreign Ministry spokesman described the claims made by Reuters news agency about stopping Iranian tankers as a form of production or dissemination of untrue, false, or biased news, and said: "There is no basis for any action against free trade and commercial ships of countries in open waters."

Crisis in offshore facilities; protest rally in front of the oil pension fund

Continuing this situation will destroy the livelihoods of offshore facility workers, accelerate the exodus of specialists, and spell a bleak future for Iran's largest offshore company.

The Oil Legacy of the 13th Government: Null Contracts

The 13th government, with its plethora of oil promises and grandiose contracts, left behind a record full of failures and broken promises. From the $40 billion memorandum of understanding with Russia's Gazprom to the €9 billion Shahid Soleimani refinery project, none of them were completed.

Water shortage warning; critical condition of dam reserves

The spokesperson for the country's water industry reported a 41 percent decrease in rainfall compared to the long-term average and a sharp drop in dam reserves in some areas, and warned of a water crisis in provinces with low rainfall.