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.
Breaking News
Iran’s new oil production record thanks to the efforts of oil industry experts
The CEO of the National Iranian Oil Company announced the achievement of a new record in the country's oil production, saying: "Crude oil production in early September of this year reached its highest level in the last seven and a half years, and this success is the result of the round-the-clock efforts of oil industry experts and employees to achieve the goals of the 14th government and strengthen the national economy."
“Arvand”, a major player in the PVC industry, entered the stock market
Arvand Petrochemical Company (Public Joint Stock Company) with the symbol "Arvand" was listed on the Tehran Stock Exchange on August 18, 1404, after obtaining legal permits and approval from the Admissions Board.
Oil Technology Park with three strategic missions, on the path of digital transformation and consumption management
The head of the Oil Industry Technology and Innovation Park, emphasizing that no technological development is possible without networking and real cooperation between knowledge suppliers and problem owners, said: The Oil Industry Park pursues three major missions in the field of the oil industry value chain, smartization and digital transformation, and consumption management, and is trying to use technologies to solve strategic issues in the oil industry with a business-oriented perspective.
Formation of a special working group to accelerate the collection of flare gases
The head of the Ministry of Oil's Flare Gas Collection Working Group, emphasizing the need to accelerate associated gas collection projects, said: "By order of the Minister of Oil, a special working group with broad powers has been formed to achieve complete collection of associated gases before the end of the Seventh Development Plan by monitoring, facilitating, and removing obstacles."
Synergy between university, research institute, and technology park; the driving force behind innovation in the oil industry
The Deputy Minister of Petroleum for Engineering, Research and Technology emphasized the importance of synergy between the University of Petroleum Industry, the Petroleum Industry Research Institute, and the Petroleum Industry Technology and Innovation Park, saying: "The cooperation of these three complexes not only provides the basis for the technological development of the oil industry, but can also create job opportunities for the country's youth and strengthen the motivation to stay and serve within the country."
Iran’s refineries are far from Nelson’s global standard; the future of the refining industry is uncertain
While refineries around the world have achieved a high level of complexity by relying on new technologies and extensive investments, Iranian refineries are still significantly behind global standards. Morteza Behrouzifar, an energy expert, says that our problem is not just a lack of capital; even if we assume that we have sufficient financial resources to implement projects, there is still no possibility of serious upgrading of refineries due to limited access to modern technology and equipment.
Iran’s new oil production record in July: 3.27 million barrels per day, approved by the Energy Agency
The International Energy Agency reported an increase of about 200,000 barrels of Iranian crude oil in July.
Developing energy infrastructure with private sector participation; Iran on the path to attracting capital and regional competition
The Chairman of the Board of Directors of the Association of Oil, Gas and Petrochemical Contractors (APEC), stating that EPC contracts are the main contract governing the country's construction industry, said: "To achieve development, it is necessary to facilitate oil contracts and synergize the government and the private sector."
Gas exports to Iraq and Türkiye remain intact
The Deputy Minister of Oil announced in a press conference the export of gas to Iraq and the possibility of extending the long-term contract for gas exports to Türkiye.
Deputy Oil Minister Admits to 350 Million Cubic Meters of Gas Unbalance
In today's press conference, the Deputy Minister of Oil announced the stable supply of gas to petrochemicals last year without complete interruption and announced that despite an imbalance of 300 million cubic meters of gas, the Ministry of Oil's careful planning has increased power plant reserves by 60 percent this year.
