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.
Get to know the Persian Gulf Star Refinery, the largest gasoline producer in Iran
The Persian Gulf Star Refinery, Iran's largest gasoline producer and the world's largest gas condensate refinery, plays an unparalleled role in Iran's energy supply by producing more than 45 percent of the country's fuel portfolio.
Iran’s oil discount to China reaches its highest level in a year
As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.
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Sharp decline in CNG consumption in the country
CNG supply has decreased from 23 million cubic meters per day in 1402 to 19 million cubic meters in 1403 and 16 million cubic meters in 1404, and unfortunately, this decline in demand continues.
The growth of gas production in Iran
Although Iran's daily gas production capacity has doubled in recent decades, structural, financial, and technological barriers threaten the sustainable growth of this key source of electricity for the industry.
Accelerating gas field development plans
In recent years, accelerating gas field development plans has become an unrivaled priority in energy policymaking in Iran; a policy that is being pursued with the aim of compensating for the supply shortage.
$200 million allocated for petrochemical downstream industries by the National Development Fund
The deputy chairman of the National Development Fund's executive board said: "If at least 20 complementary petrochemical industry projects are introduced and proposed and approved by the National Petrochemical Industries Company, a total of $200 million in funding will be allocated to finance these projects, and it will be divided among them based on need."
Allocating 2% of the income of Persian Gulf holding companies to research and development
The CEO of Petrochemical Research and Technology Company pointed to the valuable achievements of this company in the field of localization of technical knowledge and catalysts needed by the petrochemical industry and said: "The Petrochemical Research and Technology Company has had a successful performance in meeting domestic and export needs."
The level of oil and gas reserves at power plants reached 1.5 billion liters
The level of oil and gas storage in power plants in the first two months of 2025 has reached about 1.5 billion liters, an increase of more than 85 percent compared to the same period last year; an impressive figure that indicates the Ministry of Petroleum's readiness to provide sustainable energy in the country.
The first major overhaul period in Phase 11 of South Pars was successfully implemented
The executor of the South Pars Phase 11 development plan announced: For the first time since its operation, the major repairs of the offshore platform Phase 11 were successfully implemented ahead of schedule, with the cooperation of all project elements in the contracting and commissioning sectors.
Investing $87 billion in the country’s petrochemical industry
The investment manager of the National Petrochemical Industries Company said: So far, $87 billion has been invested in the petrochemical industry, of which $26.3 billion has been provided from foreign sources.
The need to accelerate the implementation of major repairs and the provision of items needed by the oil industry
The CEO of the National Southern Oilfields Company, while visiting key projects of the Gachsaran Oil and Gas Exploitation Company, emphasized the need to accelerate the implementation of major repairs and the provision of items needed by the oil industry.
Announcing Iran’s oil sales price in June
According to the National Iranian Oil Company, the price of Iranian light oil in June 2025 for Asian customers will be slightly higher than last month, nearly $2 above the base price (Oman/Dubai crude oil price).
