Historic overhaul in Shazand, disruption in supply, and new hope for Sharak shareholders
Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.
Even with the shutdown of industries, domestic gas is running low!
An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.
Kermanshah Petrochemical: From gas shortage to production surge; urea and ammonia hit record highs
Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.
Breaking News
An important step has been taken to launch the Urea Petrochemical Unit at Hengam
With continuous planning and round-the-clock efforts of Hengam Petrochemical's urea commissioning unit, the commissioning of the cooling water line began, and thus the pre-commissioning operation of the urea unit's ancillary services was successfully completed.
Foreign Minister announces follow-up on Russian gas exports to Iran during President’s visit
The Foreign Minister referred to the President's plans for his trip to Russia and said: "We will have important negotiations in several areas, one of which is the issue of exporting Russian gas to Iran and transporting Russian gas from Iran, which could turn Iran into an energy and gas hub in the region."
Government Spokesperson: We will see measures to prevent fuel smuggling in the coming days
The government spokesman said: "With the measures taken, we will see positive developments in the coming days towards preventing fuel smuggling."
Major repairs of the Izomax unit of Isfahan Refinery
For the first time, during the overhaul of the Isomax Unit 1, internal components of the reactors of this unit will be removed, rebuilt, and installed, which will play an important role in improving processes and productivity.
Ilam Petrochemical Company’s $36 million conviction overturned
With the continuous efforts and follow-up of the CEO and board of directors of Ilam Petrochemical Company and the guidance of senior managers of Petrol Company, the $36 million conviction of this petrochemical company was officially overturned.
For the first time in the country, Hengam launches technical and vocational training in petrochemicals
With the signing of a quadrilateral memorandum of understanding between the country's Technical and Vocational Education Organization, Hengam Petrochemical on behalf of Persian Gulf Holding, Bushehr Governorate, and Pars Special Economic Energy Zone Organization, the first technical and vocational training center for advanced and supplementary oil, gas, and petrochemical skills will be launched at the initiative of the Persian Gulf Petrochemical Industries Group and named "Persian Gulf".
80% self-sufficiency in oil-rich southern regions in domestically manufactured goods for the oil industry
The CEO of the National Southern Oilfields Company said: "Fortunately, over the past years, we have experienced significant growth in the field of manufacturing oil industry equipment, so much so that we have passed the stage of manufacturing parts and entered the process of manufacturing equipment."
South Pars delivers 157 billion cubic meters of gas to the country’s national grid
The CEO of the South Pars Gas Complex, emphasizing the need to manage consumption and for compatriots to join the "2 degrees below" campaign in the country, said: "Since the beginning of this year, more than 157.3 billion cubic meters of gas have been sent from all the refineries of the South Pars Gas Complex to the national pipeline."
Signing of a Memorandum of Understanding between the Petroleum Industry Research Institute and Caspian Oil at the Khuzestan Petroleum Industry Equipment Manufacturing Exhibition
An agreement to provide specialized technological and educational services was signed between the Petroleum Industry Research Institute and the Caspian Oil Company.
Continuous record-breaking gas production in the country/collection of 20 million cubic meters of gas by next year
The CEO of the National Iranian Oil Company, noting that five oil projects are ready for operation, said: "Also, 100 investment packages in the oil industry will be presented to the domestic and foreign private sector in a seminar in the coming weeks, with the presence of the Minister of Oil, and will pave the way for increasing oil and gas production in the country."
