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
Transformation in oil industry financing with new tools and guarantee funds
The Ministry of Oil of the 14th government, within the framework of the Seventh Development Plan, has implemented various initiatives in the field of capital attraction and financing, paving the way for the development of oil and gas fields and increasing production capacity. By introducing new financial instruments and establishing guarantee funds, it has paved the way for the participation of domestic and foreign investors.
Recording more than 115,000 meters of drilling in the country’s onshore and offshore oil-bearing areas
The CEO of the National Iranian Drilling Company announced the drilling and completion of 114 oil and gas wells, recording more than 115,000 meters of drilling in one year of the 14th government's activity in the country's onshore and offshore oil-rich areas, using the company's drilling fleet.
Oil production increases by 80,000 barrels with the opening of Azadegan field facilities
The Minister of Oil announced: "With the opening of new petrochemical projects and processing facilities in the Azadegan field, the country's crude oil production capacity will increase, adding about 80,000 barrels per day to oil production."
Daily export of 1.38 million barrels of oil to China; Iran is a sustainable energy supplier to East Asia
China will source more than 13 percent of its imported oil from Iran in the first half of 2025; therefore, Iran, as a country with sustainable production capacity, is an important option for meeting part of this need, and it should be seen that significant economic opportunities will be created in the field of energy during the President's trip to participate in the Shanghai Summit.
The 17th major overhaul of the Ilam Gas Refinery has begun
The head of maintenance at the Ilam Gas Refinery announced the start of the 17th major overhaul of the refinery on September 1st, saying: "The major overhaul of this period will continue for 24 days, with an estimated 64,000 man-hours of executive staff and 20,000 man-hours of supervisory staff."
Untold facts about Abbas Karimi from Shazand Petrochemical
Abbas Karimi revealed the excessive hiring during the previous administration, the heavy costs of human resources, the high-profile overhaul in the middle of the war, and the drop in income due to the suspension of gasoline exports.
New solutions for financing petrochemicals on the verge of being finalized
The Secretary General of the Petrochemical Industry Employers' Association emphasized the serious pursuit of resolving the industry's problems and said: "New solutions for financing petrochemicals will soon be finalized."
Iranian oil on the rise; production, export and collection of flare gases are accelerating
Explaining the most important measures taken by the Ministry of Oil last year, the Minister of Oil emphasized: The Ministry of Oil plans to accelerate measures in this field and has short-term projects carried out by the private sector, as well as long-term and infrastructure projects on the agenda.
Acceleration in the development of joint fields; competition with neighboring countries in western Karun
The CEO of the Petroleum Engineering and Development Company, while explaining the company's strategic plans for the development of the West Karun joint fields, announced: "Completing processing infrastructure, utilizing modern drilling technologies, collecting associated gases, and complying with environmental requirements are among the most important measures that have been achieved in West Karun in recent months."
Joint project between the University of Petroleum Industry and Arvandan; Oil production tripled in a laboratory pilot
The University of Petroleum Industry, in collaboration with Arvandan Oil and Gas Company, succeeded in increasing oil production on a pilot scale by three times by designing and building advanced laboratory equipment and utilizing "foam-assisted lifting" technology; an achievement that could revolutionize the exploitation of wells with high water cutoff.
