$700 million in gasoline savings by expanding ridesharing
Hossein Mirafazli, an energy expert, says: If only 10 percent of intracity trips are shared, about two million liters of gasoline will be saved daily, which is equivalent to more than $700 million in annual savings for the Iranian economy.
Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode
Petrofarhang Holding, the economic arm of the Farhangian Reserve Fund, has been able to consolidate its position as one of the main players in Iran's petrochemical industry in recent years, focusing on methanol production and developing petrochemical projects, and has emerged from losses with significant growth in production and profitability.
Electric heating, the key to freeing Iran from deadly dependence on domestic gas
Energy expert Hossein Mirafazli believes that the way out of the gas consumption crisis is to reduce dependence on gas and expand the use of electricity in home heating; a model that many developed countries in the world have adopted for years.
Breaking News
Oil tanker fares in the Persian Gulf have become up to 60% more expensive
The cost of transporting oil by supertankers from the Persian Gulf to East Asia has increased by 60 percent in the wake of rising tensions between Iran and Israel. The ship booking market has been brought to a virtual standstill, with many Iranian tankers moving further away from ports, as the risk of crossing the Strait of Hormuz and concerns about disruption to maritime traffic have increased.
The Strait of Hormuz tanker fire incident is not a “security” incident
Rejecting rumors of an attack or sabotage in the recent fire incident on three oil tankers near the Strait of Hormuz, Ambrey Maritime Security Company announced that the incident was not a "security" incident and likely occurred due to a technical collision between two vessels.
Spokesperson for fuel station owners: Fuel supply in Tehran will not be interrupted
A spokesman for the fuel station owners said: "Fuel supply in Tehran will not be interrupted; the queues are due to increased traffic and road traffic."
Oil, gas, refining, distribution, and petrochemical industry employees are silent contributors to national security
Throughout contemporary Iran, workers in the oil, gas, refining and distribution, and petrochemical industries have always been at the forefront of serving the people and the country. They have been silent contributors to national security, not only by producing energy, but also by sustaining the country's economic and industrial life.
Oil in the line of fire; Asian refineries will be grounded if Iran’s exports are cut off
Experts say that if Iranian oil exports are disrupted, Chinese refineries will be forced to use alternative oil from the Middle East or Russia, which will increase freight rates, tanker insurance, reduce the Brent-Dubai price differential, and put pressure on refinery profit margins, especially in Asia.
More than 21 million barrels of oil and products pass through the Strait of Hormuz per day
According to data from the international institute Kpler, total exports of crude oil and petroleum products through the Strait of Hormuz reached more than 21 million barrels per day in May 2025.
Gas rationing in Egypt: the first consequences of Israel’s war against Iran
Following the escalation of military conflicts between the Zionist regime and Iran and the cessation of gas production from the regime's main fields, Egypt has faced a sharp decline in gas imports and has begun rationing gas in fertilizer and petrochemical plants to deal with this crisis.
Fire breaks out in two fuel storage tanks in Tehran due to Israeli attack
A fire has broken out in a storage tank for petroleum products at the Naftkan oil depot, and efforts to extinguish and contain the fire have begun. A fuel tank in southern Tehran was also hit by a projectile.
Araqchi: Attack on Assaluyeh is a blatant aggression and a very dangerous act
The Iranian Foreign Minister said in a meeting with ambassadors and representatives of foreign countries in Tehran: "The attack on Assaluyeh is a clear aggression and a very dangerous act. Dragging the conflict to the Persian Gulf is a strategic mistake and its goal is to drag the war outside of Iranian territory."
Reuters report on Israeli attack on South Pars gas field facilities
Reuters reported in an exclusive report that gas production in Phase 14 of the South Pars Joint Field - the world's largest gas field - has been partially halted following an Israeli airstrike on Iranian energy facilities.
