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
Oil market moves away from fear-based pricing; fundamentals confirmed
The former representative of Iran in the OPEC executive board, emphasizing the fading effect of geopolitical shocks on the global oil market, said: In recent years, the oil market has moved away from pricing based on fear and tension and has moved towards valuation based on fundamental factors such as supply, demand, storage level and excess production capacity.
63% of major repairs plan achieved in southern oilfield
The Director of Industrial Equipment and Process Machinery Repairs at the National Southern Oilfields Company, explaining the missions and performance of this management, said: "With proactive planning, localization of strategic parts, and the round-the-clock efforts of operational forces, more than 63 percent of the annual overhaul plan was achieved in 1404; an unprecedented achievement that has played an important role in production sustainability, flaring reduction, and environmental protection."
Launching the South Azadegan Processing Unit is an effective measure to neutralize sanctions
The spokesman for the Parliament's Energy Commission announced: "The launch of the second tier of the central processing unit of the South Azadegan Joint Field is an effective measure to compensate for the backlog, increase oil production, and neutralize sanctions in the current situation in the country."
Morteza Behrouzifar: It is unlikely that we will see a jump in oil prices in 2026
A faculty member of the Institute for International Energy Studies announced that price levels in 2025 were lower than the previous year, and said: "Given the experience of the oil market in recent years, it is unlikely that we will see a significant increase in prices in 2026 unless a specific development occurs in the global economy or geopolitical equations."
Oil Minister: Return of foreign currency from oil sales will be carried out under the supervision of the Central Bank
The Minister of Oil, announcing that our colleagues, as oil companies, do not have access to the banking sector with money from oil sales, said: "The mechanism for depositing resources from oil sales is carried out under the supervision, monitoring, and control of the Central Bank."
The Oil Industry Pension Fund is operated without relying on government funding
The chairman of the board of directors of the oil industry pension funds considered the independence and non-governmental nature of the fund to be the foundations of the fund's sustainability, and called rumors of the fund's merger false.
Unprecedented record of sweet gas production at South Pars Refinery 3
The manager of the third refinery of the South Pars Gas Complex announced an unprecedented record in sweet gas production in the first nine months of this year, saying: "This success is the result of relying on domestic capacity, the technical knowledge of specialists, and the effective use of the capacity of the country's knowledge-based companies."
Gas consumption in the domestic sector reached 659 million cubic meters
Gas consumption in the domestic, commercial, and small industrial sectors reached 659.26 million cubic meters on January 2, along with the stability of the cold weather.
Abbaszadeh: HSE’s preventive measures played a key role in crisis management
The CEO of the National Petrochemical Industries Company considered HSE an organizational value and said: "Decisions related to this area must be made in an integrated manner and in line with national interests."
Ministry of Petroleum Research Week: Focus on digital transformation and new technologies
This year's Research and Technology Week at the Ministry of Oil focused on developing new technologies, deepening the industry's relationship with universities and knowledge-based companies, and moving purposefully toward digital transformation. It was a week that was accompanied by the signing of research and technological contracts, the unveiling of knowledge documents and products, and the presentation of reports on the achievements of the oil industry in the field of innovation. The set of actions taken this week reflects the strategic approach of the Ministry of Oil to respond to the technological needs of the industry and enhance the productivity, sustainability, and competitiveness of this strategic industry.
