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
Pakistan eyes Tehran-Washington agreement to revive peace gas pipeline
A possible agreement between Iran and the United States could lift Washington's sanctions on Iranian gas exports to Pakistan and revive the Peace Gas Pipeline to ensure Islamabad's energy security.
The development of the Kish gas field has finally taken off; is Touraj Dehghani or Persian Gulf Holding involved?
After a long period of stagnation and uncertainty over the fate of the Kish gas field development plan, new news is now reporting progress in drilling in the field and the completion of the ninth well; an event that coincides with rumors of the field being transferred to Persian Gulf Holding and has also raised speculation about the role of Touraj Dehghani, CEO of Pars Oil and Gas. Is the Kish gas field on the verge of a high-profile transfer to the petrochemical sector?
Identifying opportunities is an important factor in attracting capital in oil
The CEO of Pars Oil and Gas Company stated that identifying opportunities, introducing investment risks, and attractiveness in investment contract models are the most important factors in attracting investment in the oil industry.
Will electricity imbalances hit a record high this summer?
While a repeat of the 20,000 MW imbalance of the summer of 1403 was predicted for the summer of 1404, the realization of the recent prediction of a 2-degree increase in summer temperatures compared to normal conditions will add 3,600 MW to peak electricity consumption.
$9 billion investment opportunity in central oil
The CEO of the Central Iranian Oil Company said: The company has prepared 11 investment packages worth about $9 billion for the development of gas fields, which, once operational, will increase the country's daily gas production capacity by about 100 to 140 million cubic meters.
Members of the National Iranian Gas Company’s Contractual Dispute Resolution Board Appointed
The CEO of the National Iranian Gas Company issued separate orders appointing the main, technical, and alternate members of the National Iranian Gas Company's contractual dispute resolution board.
Ensuring safe and sustainable production at the South Pars Gas Complex next winter
The head of the South Pars Gas Complex Site 2 deputy announced the implementation of extensive programs to increase production, improve operational flexibility, reduce flaring, and improve employee accommodation infrastructure, and said: "With the measures taken, the complex's safe and sustainable production will be guaranteed next winter."
We must stop the wrong competition between energy production and consumption in the country
The Assistant Minister of Oil for Energy Optimization said: "Today, we are facing a wrong competition between energy production and consumption in the country, and this trend must be stopped."
Major repairs to South Pars’ 9th refinery begin
The manager of the 9th South Pars Refinery announced the start of the 1404 overhaul operation, with the aim of maintaining the stability of gas production and improving the quality of products, starting on April 8 for 13 days.
