Iran with 37 gas fields; still dreaming of getting rid of imbalance
Despite having the world’s second-largest gas reserves, Iran continues to grapple with an energy imbalance. The country’s numerous gas fields are either underdeveloped or lagging behind in the competition for extraction from shared fields. While gas exports could become a regional lever of power, Iran has a tiny share of the global market. If this trajectory is not corrected, even meeting domestic demand will be challenged in the coming winters.
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."
Iran becomes OPEC’s second largest refiner
With a refining capacity of 2 million 237 thousand barrels per day and a 16% share in OPEC, Iran ranks second among the countries of this organization, and it also accounts for 2.1% of the world's refining capacity.
Breaking News
South Pars First Refinery’s gas production capacity increased
Details of the plan to use coal instead of natural gas at Khorasan Petrochemical
Full operation of Hengam Petrochemical Urea Unit from November
Announcement of the official selling price of Iranian oil in July
Implementation of 36 consumption management packages in the country’s electricity industry
3% reduction in energy consumption at South Pars Second Refinery
Major repairs of South Pars Phases 5 and 6 platforms completed
84% of the country’s electricity industry’s receivables have been collected
Saeed Tavakoli: Gas supply continued without disruption during recent attacks
