Meet Hengam Petrochemical, Iran’s newest urea producer

Located in the heart of the South Pars energy region, Hengem Petrochemical has not only become one of the largest producers of ammonia and urea in the country, but also, with the completion of its new phases, is ready to play a more important role in Iran's food security and foreign exchange earnings.

The dark fleet of Iran, Russia and Venezuela has reached nearly 1,000 ships

Bloomberg reported in a new report that nearly 978 tankers are operating in the so-called “dark fleet,” a network that supports oil exports from Iran, Venezuela and Russia and accounts for about 19 percent of the global fleet. The data comes as a large tanker was seized near Venezuela, which was previously under U.S. sanctions for its involvement in transporting Iranian oil.

Getting to know Iran’s petrochemical companies; this is Kimia Pars Middle East

Kimia Pars Middle East Company, one of the important players in Iran's petrochemical industry, has achieved an influential position in recent years in the fields of foreign exchange earning, sustainable production, and development of global markets, relying on methanol production and 100% export of its products.

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64% of the country’s dam reservoirs are empty; 19 dams are in red status

According to the latest statistics from the beginning of the water year to September 10, 2019, the status of the country's dams, the volume of dam reservoirs, 64% of the dam reservoirs are empty.

Gas consumption in the brick industry can be reduced by up to 90 percent with new technologies

The Director of Energy and Carbon at the National Iranian Gas Company announced the development of a document to improve and modernize the brick industry in the country's brick production hub with a high share in gas consumption, and said: "About 300 cubic meters of gas are consumed to produce each ton of brick, but with changes in technology, this figure can be reduced to 27 cubic meters."

Petrochemical production capacity reaches 100 million tons; $5.5 billion in foreign exchange earnings

The Director of Production Control at the National Petrochemical Company considered the petrochemical industry's production in 1404 to be defensible despite the 12-day war, and listed the development of fields, the collection of flare gases, and investment in gas consumption reduction projects as among the petrochemical industry's solutions for providing sustainable food.

Sanctions have failed to stop Iran’s oil exports

Etemad Newspaper wrote in a report: Despite the wave of rumors and psychological warfare against the oil industry, informed sources emphasize that Iran's oil exports continue uninterrupted; an issue that shows that sanctions and media hype have failed to stop the country's oil sales cycle.

74% of Iran’s energy portfolio depends on gas

The CEO of the National Iranian Gas Company emphasized that the dependence of about 73 to 74 percent of the country's energy portfolio on natural gas is not seen anywhere else in the world, and said: "By increasing power plant efficiency, developing renewable energies, and increasing the efficiency of industrial equipment, the dependence of the country's energy portfolio can be gradually reduced."

US halts Iraq gas deal via Iran; Baghdad moves towards LNG imports

Iraq, which has sought to increase its natural gas supply and end severe electricity shortages, has faced a major obstacle. Its plan to import gas from Turkmenistan via a pipeline through Iran has failed to win approval from the United States.

International Affairs Analyst: Cooperation between Iran and Russia is the Solution to Resolving Winter Energy Imbalance

An international affairs analyst said: "By strengthening energy cooperation between Iran and Russia, we can achieve the elimination of the country's energy imbalances in the winter."

Drilling of the second development well of the Yadavaran field completed

The Deputy Managing Director of the National Iranian Drilling Company for Drilling Projects announced the completion of drilling operations for the second development well of the 6-well project in the Yadavaran joint field, saying: "After becoming productive, this well was handed over to the Petroleum Engineering and Development Company for exploitation."

MP: Iranian oil has customers despite sanctions; trigger mechanism is ineffective

A member of the Parliament's Cultural Commission said: "The trigger mechanism is a tired scarecrow that is unable to bring the Iranian nation to its knees and strike back; because Iran has learned ways to circumvent oppressive sanctions for years and knows how to navigate the path ahead."

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.