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
South Pars is ready for winter; ensuring the sustainability of gas production in the cold season
With the successful completion of major repairs on 35 South Pars platforms, Pars Oil and Gas Company announced that it is ready to provide the country with sustainable gas supply during the winter season. The operation was carried out over a six-month period and involved upgrading process and safety equipment.
The economic value of gas extracted from South Pars exceeded $520 billion
The South Pars gas field, which supplies 70 percent of the country's gas, has entered a natural pressure drop phase. Implementing a pressure-boosting plan with the aim of maintaining production, preventing gas migration to Qatar, and increasing the recovery rate is a vital step in managing the country's gas balance.
Yadavaran field development enters new phase; official production from first well of capacity expansion plan
With the successful launch of the F43 well in the Yadavaran joint field, the plan to increase production in this field has entered the implementation phase. As the first of 24 new wells, this well has achieved sustainable production by relying on domestic capacity and complying with safety and environmental requirements.
Abadan, the Origin of Iranian Oil: The Story of the Country’s Largest Refinery
The Abadan Refinery, as the first and largest oil refinery in the Middle East, with a history of over a century, continues to play a key role in supplying petroleum products to Iran and the region. At its peak, the refinery became the largest refinery in the world, with a refining capacity of 520,000 barrels per day, and is a symbol of the self-sufficiency and resilience of the Iranian oil industry.
Major repairs of 35 South Pars platforms completed without incident
Sepahdar Abbaszadeh, Deputy Chief of Operations of Pars Oil and Gas Company, announced the successful completion of major repairs to 35 production platforms in the South Pars Joint Field. The operation was completed with 150,000 man-hours and without incident, and has prepared the company for a stable gas supply during the cold season.
National Iranian Gas Company presented various financial models for implementing priority projects
Saeed Pakseresht, Director of Integrated Planning at the National Iranian Gas Company, announced at the first meeting of the investment forum in the gas industry that comprehensive participation and diverse financial models have been envisaged for the implementation of priority projects. He emphasized that the investment path is transparent and that preliminary studies have been conducted.
Crescent case referred to Supreme Court
Following Iran's formal objection to the UK Court of Appeal's ruling on the confiscation of the Oil Industry Pension Fund building, the case was referred to the Supreme Court for reconsideration. The disagreement among the judges of the Court of Appeal has paved the way for a review of the ruling and created new hope for a reversal.
joint oil and gas fields; A test for Iran’s energy future
Joint oil and gas fields are the underground aquifers that several countries share. If Iran does not harvest, the neighbors will suck with their wells; A fortune whose every barrel is lost forever.
Chief Justice of Hormozgan: Unauthorized drilling of the oil pipeline was detected and blocked
Following the receipt of security reports about the theft of fuel from the main oil pipeline in Sarzeh village, police officers succeeded in discovering illegal drilling and arresting two defendants with a judicial order and in a night operation.
Diplomatic dialogue between Iran and Venezuela about nuclear energy, oil industry and developments in Gaza
The Venezuelan embassy in Tunisia announced in a press release that in the meeting between the ambassadors of Iran and Venezuela, the two countries emphasized solidarity and mutual support.
