Energy diplomacy at a standstill; send the masts to Arash Square

While the Arash gas field has become a new flashpoint for border tensions in the Persian Gulf, Iran continues to insist on the path of diplomacy, a path that has neither thwarted the claims of Kuwait and Saudi Arabia nor stopped the plundering of the country’s energy resources. Isn’t it time for Tehran to deploy drilling rigs and defend its national wealth instead of fruitless talks?

Fluctuations in Iranian oil prices over the past 5 years

The average price of Iranian heavy oil in 2024, based on statistics provided by the Organization of the Petroleum Exporting Countries (OPEC), was $79.71 per barrel.

Petrofarhang is ready to sell shares in Kian Petrochemical

With the aim of improving the composition of its investment portfolio, Petrofarhang Company has issued a call to identify applicants for the purchase of shares of Kian Petrochemical and invited investors to express their readiness to participate in the auction.

Breaking News

South Pars Besat Combined Cycle Power Plant Steam Unit Put into Production

The CEO of Pars Oil and Gas Company said: The first steam unit of the South Pars Besat combined cycle power plant has been put into production at full capacity.

Oil Minister: Pressure on South Pars with Iranian contractors to begin soon

This event will present more than 200 investment and financing opportunities in various areas, including the development of 100 oil and gas fields.

$6 billion oil guarantee fund launched

Oil Minister Mohsen Paknejad also unveiled a new tool called "PetroCrad," which for the first time allows for the attraction of small public funds through the capital market.

Controversial project involving petrochemicals in gas field development remains at a standstill

Petrochemicals have no gas for four months of the year, and soon it will be six months. To survive, petrochemicals have turned to upstream to develop gas fields themselves. But a year after the MoUs were signed, no contracts have been finalized and no gas has been extracted.

Explosion at Shahid Rajaee Port in Bandar Abbas has no connection to oil facilities

Moments ago, a massive explosion occurred in the Shahid Rajaee Port area.

Fears over Iranian oil supply exacerbate market volatility

Oil prices, which had fallen last week due to concerns about oversupply in the market, rose 32 cents today to $66.87.

Iran-US nuclear talks stabilize oil and gas/Why has Trump’s trade war worried investors?

News of progress in the Iran-US nuclear talks eased investors' concerns about disruptions to oil supplies and helped stabilize prices over the past business week.

Oil Minister: Pressure on South Pars with Iranian contractors to begin soon

Oil Minister: Pressure on South Pars with Iranian contractors will begin soon. In this event, more than 200 investment and financing opportunities in various areas, including the development of 100 oil and gas fields, will be presented to investors.

$6 billion oil guarantee fund launched

Oil Minister Mohsen Paknejad also unveiled a new tool called "PetroCrad," which for the first time allows for the attraction of small public funds through the capital market.

Showy MoUs Have Grounded Iran LNG Project

The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.