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.
South Pars reaches operational self-sufficiency
South Pars announced that it will meet the majority of its operational needs by relying on domestic capacity and cooperation with knowledge-based companies; a path that has brought the complex to the threshold of industrial independence by localizing more than 15,000 components and creating a smart supply chain.
China’s oil imports from Iran increase after new quotas issued
China's independent refiners have increased their intake of Iranian crude oil after Beijing issued a new round of import quotas late last month.
Breaking News
Paknejad: There is no document of the oil contract with Babak Zanjani
In response to a question about handing over oil for sale to individuals (Zanjani), the Minister of Oil explained: "Who do you mean by individuals? I cannot mention the strategies for selling oil, as a rule, but we have a range of strategies and measures that we will use in accordance with any situation that arises."
The first gas field development contract was awarded to Bakhtar Holding
Regarding the fate of upstream memorandums of understanding and their conversion into contracts, the CEO of the National Petrochemical Company said: "Some of these memorandums are being converted into contracts. For example, the contract for the Bakhtar complex has been approved by the National Oil Company's board of directors and is being finalized."
Refinery development accelerates under 14th government; 2.8 billion euro project on track for operation
In the past year, the National Iranian Oil Refining and Distribution Company has implemented six important and strategic projects with an investment of approximately 840 million euros in expanding transmission infrastructure and refinery capacity. Another strategic project worth approximately 2 billion euros is currently being implemented and will be completed by the end of the year.
Spokesperson for the Ministry of Foreign Affairs: We do not accept unilateral claims about the Arash gas field
The Foreign Ministry spokesman stated that we have always emphasized bilateral talks with Kuwait to reach a fair and lasting agreement and understanding regarding the Arash gas field, adding: "Based on historical rights and the history of negotiations, we do not accept unilateral claims about this field under any circumstances."
Transformation in energy policies; Four axes of the Ministry of Oil to curb imbalance and combat fuel smuggling
The Ministry of Petroleum in the 14th government has put four main axes on the agenda: price policies, non-price policies, fuel portfolio diversification, and combating off-grid supply and smuggling, and has taken a major step towards curbing the gap between supply and demand, efficiency, justice, and sustainability in the country's energy distribution system.
New facilities for oil knowledge-based companies
A call for granting facilities was published in accordance with the instructions of Note 2 of the 1403 (2024) budget law for the entire country with the approach of developing knowledge-based businesses in the oil industry.
Neighbors’ repeated claims about Arash; proposal to refer to impartial international arbitrators
Following repeated claims by Saudi Arabia and Kuwait regarding ownership of the Arash gas field, an international expert emphasized that the historical and legal background of the field is beyond doubt and that the best solution to end the disputes is to refer to impartial international experts and arbitrators.
The country’s refining capacity will increase by 180,000 barrels by the end of 1404
The CEO of the National Iranian Oil Refining and Distribution Company announced an increase of 180,000 barrels in the country's refining capacity by the end of this year and said: "Three important projects: oil and gas quality improvement at the Shiraz Refinery, kerosene quality improvement at the Isfahan Refinery, and the gasoline unit at the Tehran Refinery will be put into operation by the end of 1404."
Sustainable transmission of 260 billion cubic meters of gas in the first year of the 14th government
The CEO of the Iranian Gas Transmission Company announced the sustainable transmission of 260 billion cubic meters of gas in the first year of the 14th government.
Start of loading and installation operations for South Pars Phase 11 jacket
The loading and installation of the SP11A jacket of the Phase 11 development plan of the South Pars Joint Gas Field began in the presence of the Governor of Bushehr, the CEO of Petropars Group, the CEO of Sadra Company, and executives of Pars Oil and Gas Company and Petropars.
