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
Production of Nar Square Gas with Pressure Station
The CEO of South Zagros Oil and Gas Company, referring to more than three decades of production from the Nar gas field, said that with the implementation of the pressure boost project since year 2, more than 5 % of the gas has been produced and its conversion program is underway.
Declining Chinese oil imports in September; Shopping from Iran at the lowest level of the year
Despite the annual increase in China's crude oil imports in September, the country's imports declined compared to August, reaching the lowest level from the beginning of the year. At the same time, imports from Iran have also fallen to the lowest level since January.
92% progress in South Pars platform overhaul; complete preparation for winter 2025
The 2025 overhaul of the South Pars Joint Field gas platforms is in its final stages with more than 90 percent progress. This operation began at the beginning of the year with the aim of increasing production stability, improving safety, and preparing for the cold season, and is now being completed with the round-the-clock efforts of Pars Oil and Gas Company employees.
Record sweet gas production at South Pars Refinery 8
The manager of the eighth refinery of the South Pars Gas Complex said: "The eighth refinery of the South Pars Gas Complex, relying on modern technologies and using 100 percent domestic products, has been able to produce more than 6 billion cubic meters of sweetened gas in the first half of this year and transfer it to the national pipeline."
Energy diplomacy is the key to preserving the Turkish gas market for Iran
Hassan Moradi, an energy expert, believes that the end of Iran's gas export contract to Turkey in 2026 could have economic and security consequences for the country. He emphasizes that Iran must use energy diplomacy and a smart approach to persuade Turkey to extend gas cooperation.
Petrochemical development is not possible without indigenous technology; smart support for knowledge-based industries is essential
The Director of Research, Technology, and Domestic Manufacturing at the National Petrochemical Industries Company emphasized the need for intelligent support for knowledge-based companies, the development of indigenous technologies, and the creation of a sustainable chain in the petrochemical industry in order to realize Iran's share in regional and global markets.
Nikbin: Transferring the National Oil Company to the private sector is contrary to national interests
A member of the Islamic Consultative Assembly's Program, Budget, and Accounting Commission stated: "All state-owned companies and mines should be transferred to the private sector because most of these complexes are loss-making, but oil, like natural resources, is a national issue and is among the assets that should not be transferred to the private sector."
Aghajari Oil Company reached maximum oil production capacity
The CEO of the National Southern Oilfields Company announced: "Aghajari Company has reached its maximum oil production capacity despite the limitations."
5 important points about the oil and gas discovered in the Pazen field
A few days ago, the Minister of Oil announced that two new layers of oil and gas were discovered during the drilling of the second well of the Pazan field, located on the border of the three provinces of Bushehr, Fars, and Kohgiluyeh-Bovir Ahmad. This news contains 5 basic points.
China becomes self-sufficient in propylene production with Iranian methanol
Iran exports millions of tons of methanol to China annually at a meager profit, while the country has created hundreds of times more value added by converting the same methanol into propylene, the “petrochemical caviar,” and has achieved 96 percent self-sufficiency in propylene production. An opportunity that Iran could have used to complete its petrochemical value chain by investing in domestic MTP units and move from selling crude to creating sustainable wealth.
