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.
Iranian shipping giant brought to its knees; Asadollah Imamjuma and his son placed on US blacklist
The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.
Energy self-sufficiency in the petrochemical industry; Persian Gulf Holding’s multi-billion dollar step in developing solar power plants
Persian Gulf Holding, with its massive $2 billion plan to build a 5,000-megawatt solar power plant, is seeking self-sufficiency in energy supply and reducing dependence and pressure on the national grid.
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Significant increase in liquid fuel deliveries to power plants in the last 4 months
The significant increase in the production and delivery of liquid fuel in the last four months, with careful and strategic management, has allowed the cold days of this year to pass with a stable supply of power plant fuel, without serious challenges in the country's energy supply.
Producing gasoline from methanol ruled out
Not long ago, Iranian methanol producers raised the issue of producing gasoline from methanol.
Product production at Bushehr Petrochemical reached 3 million tons
In the first 9 months of this year, Bushehr Petrochemical succeeded in producing about 3 million tons of various petrochemical products and more than 547 million cubic meters of ancillary services.
Using petrochemical capacity in the campaign to reduce gas consumption by 10 percent
A memorandum of understanding was signed between the National Petrochemical Industries Company and Zagros Petrochemical Company to use the capacity of this petrochemical company in a campaign to reduce gas and electricity consumption by 10 percent in the domestic and commercial sectors.
Khark Oil Terminal plays a vital role in achieving the oil industry’s major goals
Emphasizing the strategic position of the Kharg Oil Terminal, the CEO of the Iranian Oil Terminals Company introduced transformation and innovation as the company's main strategies, and considered special attention to human resources as the key to development and improving productivity.
Providing $23 billion from the National Development Fund for 60 oil and gas projects
The chairman of the National Development Fund's executive board said: "The Economic Council has passed a resolution to increase oil production by 250,000 barrels per day, which the Fund is participating in financing."
$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis
During a ceremony to address the gas imbalance crisis, the National Petrochemical Company and Zagros Petrochemical Company signed a memorandum of understanding. The aim of this memorandum is to reduce gas consumption by 10 percent in the domestic and commercial sectors and increase the share of gas allocated to the petrochemical industry, which could lead to increased production and foreign exchange earnings. This is while the petrochemical industry is facing challenges such as gas outages at 12 petrochemical plants and feed shortages.
Meeting of the Heads of State focused on solutions to address the country’s main imbalances
A meeting of the heads of the three branches of government was held, hosted by the President and attended by a group of managers of economic ministries, to examine solutions to address the country's main imbalances.
Regarding the issue of fuel smuggling, we must move towards prevention and law enforcement
The spokesman for the Energy Commission of the Islamic Consultative Assembly stated that strict implementation of the law with serious determination is necessary to reduce fuel smuggling, and said: "It is necessary to take seriously solutions such as smartization and metering in line with the fight against smuggling."
Gas consumption increases at the end of the week
The Deputy Minister of Oil for Gas Affairs said: "According to the predictions made on Thursday and Friday this week, gas consumption will peak, which shows the need for consumption management."
