Producing gasoline from methanol is not profitable

The planning director of the National Petrochemical Company, emphasizing the focus on the downstream and reaching a capacity of 131 million tons by the end of the Seventh Plan, said that producing gasoline from methanol is not economically viable.

From reckless policymaking to official warning to petrochemicals; Iran’s propylene market at risk

Despite the special capabilities in developing the propylene value chain, due to excessive licensing and lack of sound policymaking by the National Petrochemical Company, this market is becoming saturated and is on track to suffer a similar fate to methanol production units.

Get to know one of the most modern refineries in Iran, Bandar Abbas Oil Refinery

Bandar Abbas Oil Refining Company, as one of the 10 largest refineries in the country, plays a key role in providing Iran with the energy and products it needs. The refinery was built on an area of about 770 hectares, 20 kilometers west of Bandar Abbas city and on the northern shore of the Persian Gulf, and went into operation in 1997 with an initial capacity of 232,000 barrels per day.

Breaking News

Gas rationing in Egypt: the first consequences of Israel’s war against Iran

Following the escalation of military conflicts between the Zionist regime and Iran and the cessation of gas production from the regime's main fields, Egypt has faced a sharp decline in gas imports and has begun rationing gas in fertilizer and petrochemical plants to deal with this crisis.

Fire breaks out in two fuel storage tanks in Tehran due to Israeli attack

A fire has broken out in a storage tank for petroleum products at the Naftkan oil depot, and efforts to extinguish and contain the fire have begun. A fuel tank in southern Tehran was also hit by a projectile.

Araqchi: Attack on Assaluyeh is a blatant aggression and a very dangerous act

The Iranian Foreign Minister said in a meeting with ambassadors and representatives of foreign countries in Tehran: "The attack on Assaluyeh is a clear aggression and a very dangerous act. Dragging the conflict to the Persian Gulf is a strategic mistake and its goal is to drag the war outside of Iranian territory."

Reuters report on Israeli attack on South Pars gas field facilities

Reuters reported in an exclusive report that gas production in Phase 14 of the South Pars Joint Field - the world's largest gas field - has been partially halted following an Israeli airstrike on Iranian energy facilities.

Escalating Iran-Israel conflict turns Persian Gulf energy markets red

As reciprocal attacks between Iran and Israel escalated and vital energy facilities were targeted, a wave of concern swept through the Persian Gulf stock markets; the region's stock markets faced a significant decline.

The number of illegal miners discovered by in the country has increased fivefold

Since the beginning of this year, more than 8,500 unauthorized mining devices have been identified and collected, a five-fold increase compared to the same period last year.

Fire on a ship carrying methanol at the Bushehr dock

Mojtaba Khalidi stated: At 11:05 on Monday, June 11, 2021, a report of a fire on a ship was received at the Kaveh Methanol Company dock, and an ambulance and two semi-heavy assistance vehicles were immediately dispatched to the scene.

Iran’s heavy oil transportation capacity increased

The Deputy Director of Operations in the Production Management of the National Southern Oilfields Company said: "With the operation of the newly constructed 30-inch line for transporting light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has once again been dedicated to transporting heavy oil."

Oil Minister: Iran’s oil sales decline is not true

Rejecting the claim of a decrease in Iranian oil exports, the Oil Minister said: "The Ministry of Oil is ready to deploy a rig in the Arash field, but the implementation of this plan is dependent on the outcome of border negotiations and official notification from the Ministry of Foreign Affairs."

Daily gas extraction from South Pars Phase 11 increased

Daily gas extraction from Phase 11 of South Pars has increased by 60 percent in the first 10 months of the 14th government, from 12 million cubic meters to 20 million cubic meters.

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