$700 million in gasoline savings by expanding ridesharing
Hossein Mirafazli, an energy expert, says: If only 10 percent of intracity trips are shared, about two million liters of gasoline will be saved daily, which is equivalent to more than $700 million in annual savings for the Iranian economy.
Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode
Petrofarhang Holding, the economic arm of the Farhangian Reserve Fund, has been able to consolidate its position as one of the main players in Iran's petrochemical industry in recent years, focusing on methanol production and developing petrochemical projects, and has emerged from losses with significant growth in production and profitability.
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.
Breaking News
Drilling Memorandum of Understanding was signed between Arvandan and the National Drilling Company
Arvandan Oil and Gas Company and the National Iranian Drilling Company signed a memorandum of understanding to provide drilling rigs and related services.
Official opening of the Sabzab-Shazand pipeline with a capacity of 750,000 barrels of crude oil
The CEO of the National Iranian Oil Engineering and Construction Company stated that the capacity of the Sabzab-Shazand sour crude oil pipeline is 750,000 barrels of crude oil and said: "The implementation of this project will play a fundamental role in reducing energy imbalance and strengthening the country's energy security."
Transformation in oil industry financing with new tools and guarantee funds
The Ministry of Oil of the 14th government, within the framework of the Seventh Development Plan, has implemented various initiatives in the field of capital attraction and financing, paving the way for the development of oil and gas fields and increasing production capacity. By introducing new financial instruments and establishing guarantee funds, it has paved the way for the participation of domestic and foreign investors.
Recording more than 115,000 meters of drilling in the country’s onshore and offshore oil-bearing areas
The CEO of the National Iranian Drilling Company announced the drilling and completion of 114 oil and gas wells, recording more than 115,000 meters of drilling in one year of the 14th government's activity in the country's onshore and offshore oil-rich areas, using the company's drilling fleet.
Oil production increases by 80,000 barrels with the opening of Azadegan field facilities
The Minister of Oil announced: "With the opening of new petrochemical projects and processing facilities in the Azadegan field, the country's crude oil production capacity will increase, adding about 80,000 barrels per day to oil production."
Daily export of 1.38 million barrels of oil to China; Iran is a sustainable energy supplier to East Asia
China will source more than 13 percent of its imported oil from Iran in the first half of 2025; therefore, Iran, as a country with sustainable production capacity, is an important option for meeting part of this need, and it should be seen that significant economic opportunities will be created in the field of energy during the President's trip to participate in the Shanghai Summit.
The 17th major overhaul of the Ilam Gas Refinery has begun
The head of maintenance at the Ilam Gas Refinery announced the start of the 17th major overhaul of the refinery on September 1st, saying: "The major overhaul of this period will continue for 24 days, with an estimated 64,000 man-hours of executive staff and 20,000 man-hours of supervisory staff."
Untold facts about Abbas Karimi from Shazand Petrochemical
Abbas Karimi revealed the excessive hiring during the previous administration, the heavy costs of human resources, the high-profile overhaul in the middle of the war, and the drop in income due to the suspension of gasoline exports.
New solutions for financing petrochemicals on the verge of being finalized
The Secretary General of the Petrochemical Industry Employers' Association emphasized the serious pursuit of resolving the industry's problems and said: "New solutions for financing petrochemicals will soon be finalized."
Iranian oil on the rise; production, export and collection of flare gases are accelerating
Explaining the most important measures taken by the Ministry of Oil last year, the Minister of Oil emphasized: The Ministry of Oil plans to accelerate measures in this field and has short-term projects carried out by the private sector, as well as long-term and infrastructure projects on the agenda.
