Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas

Parsian Oil and Gas Petrochemical Holding is one of the major players in the country's petrochemical industry, which, with about 20 percent of Iran's production capacity and complexes such as Pardis and Zagros, has earned the title of the country's largest urea producer and one of the most important methanol producers in the Middle East.

$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.

Breaking News

Oil prices rise as tensions between Iran and Israel escalate

Rising concerns about the escalation of military conflict between Iran and the Zionist regime and the possibility of disruption to oil supplies from the key Middle East region increased oil prices.

Suspicious fires on three oil tankers near the Strait of Hormuz; Is Israel involved?

Three oil tankers caught fire near the Strait of Hormuz amid rising tensions between Iran and Israel; Ambrey Maritime Security confirmed the incident, and NASA has recorded three active fire spots in the area.

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.