11 billion dollar project with an empty account; Dangerous game of banks in Azadegan oil field
The last condition of Mohsen Paknejad for the implementation of the Azadegan oil field contract is to deposit 800 million dollars to the account of Dasht Azadegan Arvand Company. A condition that banks have been unable to fulfill until today.
Refining and Distribution CEO: Technological opportunities in the refining industry are vast; the move towards data-driven management is gaining momentum
The CEO of the National Iranian Petroleum Products Refining and Distribution Company, emphasizing the move towards data-driven management and smart fuel chain, said: "The opportunity for technological and data-driven work in the refining and distribution industry is very broad. What is important in this path is the right direction, prioritizing issues, and defining effective cooperation models."
Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf
Persian Gulf Petrochemical Industries Holding, as the second largest petrochemical holding in the Middle East and the largest player in this industry in Iran, plays a key role in meeting domestic needs and the international standing of this industry, with more than one-third of the nominal capacity of the country's petrochemical industry.
Breaking News
Iranian Petrochemicals at the Crossroads of Development and Environment; Overcoming the Crisis with New Technologies
The CEO of the National Petrochemical Industries Company estimated the value of polymers produced in industrialized and developed countries at about $2,000 per ton and said: "Iran's petrochemical industry must move beyond the chemical sector and move towards creating more added value by producing polymer materials; the total capacity of polymers is currently only about 10 million tons."
Kermanshah Petrochemical Report: Rising feed prices are a warning sign for Iran’s urea industry
Following the government's recent decision to reform the revenue structure and align the price of gas feedstock with global rates, Iran's petrochemical industries have faced unprecedented conditions. The increase in feedstock price from 47,000 rials to 139,000 rials has not only increased the current costs of the complexes but has also changed the competitive equations of the entire urea industry.
Start of cleanup operations of 2,300 cubic meters of contaminated soil in the Aban and Paydar Gharb oil fields
The cleanup operation of more than 2,000 cubic meters of contaminated soil left over from past operations in the Aban and Paydar Gharb oil fields has begun.
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.
