Injecting 117 million cubic meters of gas into power plants to stabilize the electricity grid

The CEO of the National Iranian Gas Company, referring to the coordinated and favorable performance in the gas production chain to refining, announced the injection of 117 million cubic meters of natural gas into the country's power plants.

Oil Minister: Sustainable liquid fuel provided for power plants

The Minister of Petroleum stated that in order to supply gas to power plants, we have delivered a cumulative 3.5 billion cubic meters of gas to power plants since the beginning of this year, and added: "Also, liquid fuel has been supplied to power plants in appropriate and stable volumes so that our dear compatriots do not face any problems or shortages in terms of electricity supply and their electricity needs are fully provided."

Bandar Imam becomes the giant of Iran’s petrochemical paper projects

Bandar Imam Petrochemical, the beating heart of the downstream chain of Iran's petrochemical industry, is currently facing a $1.4 billion project; a project that, in relation to the company's 8 trillion tomans profit, has raised serious questions about the economic logic, financing method, and the silence of Persian Gulf Holding.

Breaking News

The cessation of oil sales is a rumor

The CEO of the National Oil Company said: "We use a variety of methods to sell oil; we have put both diversity and multiple markets on the agenda. The claim of stopping oil sales is not true and I deny it."

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."