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.
harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies
The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.
A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil
Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.
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Shakeri: More than 80 percent of first-time production projects have been implemented with the support of the Ministry of Oil
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New record in Iran’s oil exports; revenue collection faster than before
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harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies
Breaking News
Official opening of the Sabzab-Shazand pipeline with a capacity of 750,000 barrels of crude oil
The CEO of the National Iranian Oil Engineering and Construction Company stated that the capacity of the Sabzab-Shazand sour crude oil pipeline is 750,000 barrels of crude oil and said: "The implementation of this project will play a fundamental role in reducing energy imbalance and strengthening the country's energy security."
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."
